New facilities for importers: Finance Minister

New facilities for importers: Finance Minister

Mohamed Maait, Minister of Finance, issued a decision allowing importers to take pre-clearance procedures for goods imported from abroad, and to pay 1% instead of only 30% of the initially estimated taxes and fees, before the goods reach the Egyptian territory, and to conduct final settlement and full payment of taxes and duties due after the arrival of the goods, according to the customs tariff in force at the time of release.

Maait clarified that in the event of re-export of goods for which prior customs clearance procedures have already been taken or destroyed in accordance with the legally prescribed procedures, the customs authority is obligated to return the amounts previously collected for them immediately upon re-export or destruction, without making a set-off between these amounts and any amounts related to other goods or obligations, including It contributes to the facilitation of those dealing with the customs system, and the expansion of the pre-customs release of goods before their arrival at the ports.

He affirmed the Ministry’s keenness to provide all possible facilities to those dealing with the Customs Authority, including importers, owners of goods, or their agents from customs brokers, and to overcome any obstacles they may face, in a way