Promoting Industrial Growth and Encouraging Foreign Direct Investment in Egypt
History
Customs Procedures
Responsible Entities
Date 6/30/2020
Customs Procedures
Responsible Entities
Date 6/30/2020
Customs Procedures
Responsible Entities
Date 6/30/2020
Customs Procedures
- The Customs Authority issued Circular No. 5 of 2020, which details the requirements that must be adhered to when importing production inputs; the requirements include submitting the following two documents:
- Proof of business activity document (or operating license) from the issuing authority.
- Gas and electricity bills as evidence of business activity.
- In general, the issuance of abrupt directives by the Customs Authority represents a major hurdle for manufacturers and importers; the subject directives is unjustified, especially that industrial enterprises that import production inputs are already subject to the supervision of other government entities, such as the Industrial Control Authority and IDA. Additionally, the directive undermines earlier efforts by the government, including the introduction of the whitelist.
Responsible Entities
Date 6/30/2020
Customs Procedures
Responsible Entities
Date 6/30/2020
Customs Procedures
Responsible Entities
Date 6/30/2020