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CBE to inject $1bn after new governor officially takes office
Last week CBE issued $1bn as part of bank’s plan to flood the market with a total of $4bn to meet the requests for foreign currency in import contracts
Collected customs surges over 19% during FY 2014/2015
Regulations currently being unified at all ports
Customs Authority reveals customs on Kia Carens, Kia Rio
Egyptian Customs Authority estimated total customs due on Kia Carens 2016, 1600cc, at approximately EGP 79,000.
Draft customs law to be completed in 2 weeks: Customs Authority Head
Law includes postponement of custom tax payment for one month in return for letter of guarantee to authority
25% fee reduction for goods imported in Port Said
EGP 200m allocated for Port Said’s development in FY 2015/2016
Mysterious case of Arab Common Market
Lack of democracy, political will as well as lack of vision were main reasons why ACM agreement became just ink on paper, says former assistant to IMF’s executive director
Egypt’s finance ministry in quest to amend outdated customs law
Dimian said the current law clashes with articles of the Kyoto Protocol, which aimed to facilitate customs procedures.
United Bank to allow paying taxes, customs through branches
The United Bank will introduce in all branches a service for paying all government dues, such as individual and company taxes and customs, the bank’s chairman Mohamed Ashmawy revealed Thursday. The move comes in cooperation with the Ministry of Finance. Ashmawy stressed the significance of enhancing electronic payments in Egypt, instead of depending on traditional …
Customs reduction for European cars forces used auto market into recession
The decision led to the postponement of many purchasing decisions until the new prices are implemented.
Government ends customs evasion crisis in Port Said, grants 40% tax cuts for goods: PM spokesperson
By Mohamed Ayyad Prime Minister Ibrahim Mehleb responded to the requests of the Port Said traders to calculate customs on the basis of the bill that determines the actual value of the goods received. A 40% discount was also granted under Customs Decision No. 21 for containers in the customs area that have no bills …
Government considers new legislation to counter customs smuggling
Legislation to regulate customs transactions and control all ports to eliminate smuggling and prevent entry for non-compliant goods
Egypt, Saudi Arabia, to sign 2 new agreements to facilitate trade
The agreements will help both countries fight smuggling, says president of Egyptian Customs Authority
Cabinet takes measures to eliminate smuggling
Security, legislative, development and services working groups committees established to oversee the elimination of smuggling
Customs evasion on the rise
915 cases of customs evasion and violation between January and June
Container of counterfeit military equipment seized in Ain Sokhna
Shipping container impounded by customs after suspicion over manifest
Customs workers to hold protest Tuesday
Workers say they have been calling for reform for many months
Egypt’s Customs Agency holds 240 tonnes of returned cement exports in the port of Ain Sokhna
The company has so far lost a total of EGP 250,000 as a result of these containers being held.
Alcohol laws: leaving Egyptians high and dry
A trend that is sure to continue, as the Egyptian government carries on its track record of endowing its visitors more rights than its own citizens
The Supreme Council for Customs Tariffs to be restructured
Minister of Finance pushed to restructure SCCT, establish new customs tariffs
Outgoing Finance Minister blames economic ills on Egyptians
Egypt’s Minister of Finance Saeed El-Momtaz denies rumors about remaining in his position