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Ministry of Finance

Egyption Customs Authority

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11 January

Minister of Finance:
The turnout is increasing on the initiative to import cars for Egyptian abroad, which ends on January 30.
The number of registered first two months in the second stage has doubled more than 3 times compared to the first stage.
The reduced customs tax is valid throughout the period of the "importing approval" period of five years.
Egyptians abroad may choose any car and replace it at any time within 5 years.
Paying the deposits of Egyptians abroad on the scheduled dates at the exchange rate at the time of the entitlement.
Commissionier of the Customs Authority:

A permanent committee at the ports and the multiplication of specialized employees to work around all the day to speed the customs release procedures
Dr. Mohamed Moait, Minister of Finance, stressed that the demand is increasing on the initiative "Facilitating importing cars for Egyptian abroad", and the number of registered people in the first two months of the second stage has doubled more than 3 times compared to the same period of the first stage, directed to provide all customs facilities; to expand the base of the beneficiaries with this initiative, which ends on January 30. 

The minister said that the validity of "import approval" to ship and import cars extends to 5 years, and that the reduced customs tax is valid throughout the validity period of "import approval", and the first owner has the right to import the car without adhering to the year of manufacture, and others must not exceed 3 years at the time of the customs release, explaining that more than one individual in the same family has the right to benefit from the new facilities to import cars, as long as the established conditions are met.

The minister added that applicants from Egyptians abroad may choose any car and replace it at any time within 5 years, as work continues in evaluating cars and determining the amounts due to be transferred throughout the five years, pointing out that the deposits of Egyptians abroad benefiting from the initiative to facilitate the import of cars are paid on the dates set at the exchange rate at the time of maturity, as an "obligation on the public treasury." 

ُُُEl-Shahat Ghatouri, commissionier of the Egyptian Customs Authority, said that there is a recepit of applications for registration in the initiative through its electronic application, via easy steps, opening an electronic account on the digital platform, and delays in document data are recorded, and applicants are notified of the new due fees, pointing out that inquiries of Egyptians abroad are being received who want to benefit from this initiative and responded immediately through the specialized hot line of the initiative 15460, in addition to the presence of the Commercial Customs Work Committee in custom ports to overcome any obstacle, and increase the specialized employees around the day, including holidays and public holidays, in a way that ensures the speed of procedures of the custom release. 
 
He explained that the facilities prescribed for Egyptians abroad apply to imports from free zones inside Egypt, and are subject to the same procedures prescribed for importing a car from abroad, and the electronic platform provides the possibility of choosing one of the free zones inside Egypt as an import destination, provided that the cash amount due for the value of the car is transferred to the seller’s account from abroad in foreign currency.
 
 
 
 

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