Dubai Customs decided to extend the work to raise the customs duties imposed on rebar and wire rod from 5 to 10% until October 12, 2025.
This comes after the department issued a similar decision, dating back to January 20, 2023, extending the increase in customs duties on rebar and wire rod until November 7, 2023.
Dubai Customs started raising its customs duties on rebar and iron coils on January 17, 2019. At that time, it increased from 5% to 10%.
Dubai Customs started raising its customs duties on rebar and iron coils on January 17, 2019. At that time, it increased from 5% to 10%.
The items in the decision comprise materials containing serrations, ribs, grooves, or other formations resulting in grinding. And other easy-to-cut steel materials, also materials with a circular cross-section with a diameter of less than 14 mm and materials with a circular cross-section with a diameter of less than 10 mm.
As well as materials with a circular cross-section from 10 mm to 32 mm and materials that contain serrations, ribs, grooves, or other formations resulting during the grinding process or twisted after grinding with a circular cross-section from 10 mm to 32 mm. Moreover, other steel easy-to-cut, in addition to the circular cross-sections, include less than 10mm and from 10mm to 32mm.