Customs
The guide includes determining customs procedures on imports under the temporary release system, procedures for goods received for display and return fees, and procedures for refunding value-added tax for foreign departures.
The draft law stipulates that “an Egyptian who has a valid residency abroad has the right to import one private passenger car for his personal use, exempt from taxes and fees that had to be paid to release the car, including the value-added tax and the schedule tax.
The committee should group senior officials of the customs and tax authorities, the Finance Ministry said in a statement Sunday.
He asserted the keenness on benefiting from the artificial intelligence technology in analyzing and handling data to contribute to determining the risks of each element of the exports operation to guarantee the quick release of goods and improve the quality products in the markets.
Samples of Kinder Surprise chocolate eggs will be sent to the labs of the Ministry of Health and Population for analysis.
Maait added that the Ministry of Finance has made great strides in modernizing and mechanizing the customs system by modernizing the legislative structure by issuing the new customs law and its executive regulations, and implementing the “single window” system.
This comes within the customs exemptions offered for exported strategic goods in order to reduce the process time at customs facilities, reduce the logistics cost of businesses and help meet the local market’s needs.
The new tranche of customs cuts comes as a continuation of the list of goods that were completely freed from customs duties during September last year, which included about 600 goods.
This came within the framework of the national project for upgrading and mechanizing the customs administration.
Customs certificates worth LE 1.922 billion have been issued for imports at Alexandria port, the statement said.
“Smoke exports at the General Administration of Smoke Customs in Cairo amounted to about LE 4.67 million,” it added.
This decision comes in line with the state's efforts to expand the use of electric vehicles, especially since Egypt is a promising market for the transportation industry in general.
Minister of Finance Mohamed Mait ordered launching an investigation into the fire that broke out in the Port of Alexandria on Monday.
The Arab Customs Cooperation Agreement was approved by the Economic and Social Council of the League of Arab States in Cairo on September 3, 2015.
Such moves are aimed for the improvement of Egypt's rankings of competitiveness, doing business, and macroeconomic environment.
Sisi issued the directives Tuesday at a meeting with Prime Minister Mostafa Madbouli and Finance Minister Mohamed Maait.
The Ministry of Finance began implementing on Sunday presidential decree no.59/2020 on modifying tariffs on specific goods.
The Egyptian government is waiting for the Kenyan response to its query on the latter's decision.
The MERCOSUR agreement support increasing exports to the different international markets and opening new horizons for the Egyptian products, Gamea' said.
It aims to deal in customs with goods contracted with a modern e-commerce system, with the possibility of pre-clearance and payment of customs duties before the arrival of the goods.
