Latest in Tag: customs Highlight
Latest in Tag: customs
Government offers new customsâ incentives to support electric cars in Egypt
Customs reduced to encourage optimal preservation of nature
Extension of deadline for traders to settle temporary customs status of released goods before issuing new customs law Â
New draft law rearranges all special customs’ systems
Customs dollar set at EGP 16 in August: finance minister
Capital Economics expects customs dollar to rise to EGP 19 by year end, EGP 20 by 2020, amid cautious market
EGP 29.6bn volume of cars, spare parts released from customs in FY 2018/2019
The Ministry of Finance revealed on Monday in a press statement that the volume of cars, passenger or transport, and spare parts that were released from customs during fiscal year (FY) 2017/2018, worth EGP 29.7bn. Meanwhile, the total taxes, customs duties, and other fees and fines collected amounted to EGP 9.92bn. The statement explained that …
Completion of customs bill, executive regulations within days: Customs Authority
New customs law exempts blind personsâcars, injured military, police personnel from customsÂ
5,420 customs evasions filed in November, December 2017 worth about EGP 578mÂ
Customs duties, evasion fines amounted to EGP 775.7m, of which only EGP 81.3m was collected
Finance Ministry to lower customs exchange rate to EGP 16Â
The increase is very tiny, as it doesnât represent 0.5% of the cost, says head of importers division
Depreciation of customs dollar to EGP 16.25 after four month of stabilisation
Four months of stabilisation in the value of customs dollar at EGP 16.5 due to the stability of the dollar price in banks
Customs dollar brings back the auto sector to recession
Sources expect unprecedented price increases on new models
Finance Ministry raises USD value at customs to EGP 17 starting Thursday
Importers will have to re-price their products according to the new value, prices may increase, says Alaa Ezz
Customsâ dollar price would match the marketâs price: El-Monayer
The decision to keep the price stable for 15 days is important for a more stable market
Customs dollar rate to go down in March: finance minister
The rate will be set at EGP 15.75, starting on Wednesday and lasting for 15 days, says El-Garhy
Decision to relieve expatriates from car customs for a dollar deposit according to car model: immigration minister
The ministry is working on several files in the coming period including insurance, pensions, and subsidies for Egyptian expats
Automotive sector welcomes fixed price of customs US dollar
The decision enables working in accordance with clear plans without surprises, says Saad
Finance Ministry fixes value of customs US dollar at EGP 18.5 until end of February
The Ministry of Finance decided to maintain the price of the US dollar used at customs at EGP 18.5 until the end of February, applicable to all imports. Magdy Abdel Aziz, head of the Egyptian Customs Authority, said that the new price will be effective on Tuesday at all ports. He pointed out that the …
Ministry of Finance prepares new legislation for income tax, customs, tenders and auctions: El-Garhy
The ministry targets to increase tax revenues to 15% of GDP
22% growth in customs outcome after flotation, expected to collect EGP 29.4bn by end of FY 2016/2017: ETA chairperson
Customs outcome reached EGP 27.2bn by the end of FY 2015/2016
In Cartoon: Egyptians after the last increase in the personal care cosmetics
Government abandons decision to exempt imported poultry from customs
Prime Minister Sherif Ismail decided to cancel the decision to exempt imported poultry from customs for a period of six months, according to a press statement released on Monday. The decision was made to ensure what poultry products are provided at an affordable price, according to regular reviews. The statement did not provide a reason …
Planning and Budget Committee demands state provide justification for customs increase, poultry imports exemption
We need to know the share of provocative goods from the value of imports annually
New customs tariffs intended to reduce imports, encourage industry: Finance Minister
Amendments are in line with Egypt’s international obligations to the WTO, and prove the government’s monetary policy bias towards national industry
Higher customs fees on 364 commodities unlikely to greatly affect inflation: experts
While experts agree that the governmentâs decision to increase customs duties on 364 types of imported products will not greatly affect the rate of inflation, their views differ when it comes to the timing and how this move will actually affect the state and its citizens. Abou Bakr Emam, the head of Prime Bankâs research …
Ministry of Finance discusses stabilising dollar rate at customs
Companies that rely on imported materials have been struggling under increased production costs
US dollar at customs repriced daily according to average bank rates on day before: ECA
The Central Bank of Egypt (CBE) sets the US dollar price for customs tariffs on a daily basis at 3pm, based on the average exchange rates at banks, according to the head of the Central Administration of Customs at the Egyptian Customs Authority Mahmoud Issa.
Customs on imported cars increase by 66% after flotation
Customs charges on imported cars increased by 66% on Friday following the flotation of the Egyptian pound. This decision was made on Thursday when customs recorded a 52% increase calculated according to the price of the US dollar against the Egyptian pound in the free market, which will be reviewed on a daily basis. The …
Customs Authority, General Authority for Control of Exports and Imports to be linked electronically: Finance Ministry
This protocol for electronic information exchange reduces the time needed for clearance, which in turn will cut down costs
China trade performance slumps
China has logged worse-than-expected trade figures for July, with both exports and imports falling sharply. The world’s second-largest economy is feeling the pinch of lackluster domestic demand and mounting debt.
China trade falls on weaker yuan and global demand
Chinese imports and exports in dollar terms dropped sharply in June as the country’s currency depreciated against the US currency. Falling commodities prices and weakening domestic demand also played a role.
Ministry of Finance reveals features of proposed customs law reforms
Introduction of a new system to receive information beforehand on all imported goods
1.8% decrease in Egyptâs imports over 3-month period: customs
Imports of wheat, corn, cars, palm oil have decreased, but imports of some products like iron have increased significantly