Egypt Lawmakers Pass Bill to Improve Customs Procedures
Egypt recently passed a bill that will simplify customs procedures by reducing costs and the time it takes to release cargo, according to a Sept. 18 report from the Hong Kong Trade Development Council. The bill, which must first be…
Sign up for a free preview to unlock the rest of this article
Export Compliance Daily combines U.S. export control news, foreign border import regulation and policy developments into a single daily information service that reliably informs its trade professional readers about important current issues affecting their operations.
signed by the Egyptian president before becoming law, would create an electronic cargo tracking system and a “risk management system,” and improve settlements for customs disputes by allowing “tariff payers” to file appeals before heading to arbitration. The bill would also introduce duty exemptions for medical supplies imported by government and university hospitals, and create a temporary customs warehouse system to store goods at entry points and prevent backlogs. Other provisions will help certain importers more easily pay customs fees, reduce clearance times for certain items and establish a ceiling for service fees payable to the country’s customs authority.