Promoting Industrial Growth and Encouraging Foreign Direct Investment in Egypt
History
Customs Procedures
Responsible Entities
Date 3/21/2019
Customs Procedures
Responsible Entities
Date 3/21/2019
Customs Procedures
Responsible Entities
Date 3/21/2019
Customs Procedures
- Problems in implementing the temporary admission and drawback systems; thus, they are less able to fulfill their purposes.
- Additionally, two issues related to these systems stand out:
- Determining waste percentages.
- Determining the input-output coefficient, which, in turn, determines the amount of duty refund.
Customs Procedures
- Revamp the duty and fees refund process (refunds of safe custody fees, and other fees associated with withheld cargo and imports released under temporary admission). This should build trust and confidence in the customs and tax authorities among importers and exporters.