Business hub – cairo
Dr. Mohamed Maait, Minister of Finance, It is in implementation of the presidential assignments that the Prime Minister, Mostafa Madbouly, is following up. A package of exceptional measures was adopted to facilitate the release of imports, Reducing the burdens on investors and importers, In the face of the current global economic crisis, In a way that contributes to reducing flooring burdens and fines, over the coming days, And then reduce the costs of goods to citizens.
Minister said, It was coordinated with the Central Bank. the ministries of transport, commerce and industry, navigation rooms, shipping agencies, consensus on several facilitating actions; Contribute to preventing the accumulation of goods in ports, He explained that during the next few days, any shipments that completed customs procedures and are awaiting the import financing model “Model 4” in coordination with the Central Bank will be released. and the Ministry of Trade and Industry.
Minister added, That the collection of customs fines from investors and importers who are late in completing customs procedures has been suspended due to the documents required to be completed from the relevant authorities; in order to ease their burdens, Hence, they do not have to add these fines to the cost of the goods.
The minister explained, Shipping agencies will be allowed to transport imported goods from ports to warehouses and dry ports outside customs ports, So that the transportation is in the name of shipping agencies, or on behalf of the importers in accordance with the established procedures, Pointing out that the Customs Department undertakes to shipping agencies not to release the shipments transported in the names of importers outside the customs ports until after these agencies issue the “delivery permit”; to preserve its entitlements; In a way that contributes to exempting investors and importers from the additional burdens of storing goods in ports (the value of fines, floors and guards).
Minister indicated, He pointed out that the deadline for food commodities was extended for four months before converting them to “obsolete”, taking into account the expiry date, and 6 months for non-food products, Until the completion of the required documents from the relevant authorities.