Minister of Finance reveals the main features of the new customs law

Dr. Mohamed Moait:

Study all proposals from the commercial and industrial community on a draft law
New customs

Reorganization of temporary release areas, free markets and warehouses
In accordance with international best practices

General timeout to resolve the status of messages that have been temporarily released prior to a date
The new law

The transit operator is liable to the owner for a shortage of goods
Or exchange or dissipation

Define the definition of all concepts of the bill to avoid confusion and uniformity
Customs treatment at the level of the Republic

To encourage local industry to repay 2% per month of temporary release taxes
On machines, equipment and means of transport and a maximum of 20% per year

Sufficient commitment from the competent minister or the head of the body to release
Receive machines and equipment for national projects

The Minister of Finance, Dr. Mohamed Muait, said that
The ministry will carefully consider all proposals and comments from civil society organizations about a bill
The new customs, which the ministry has completed
And was sent to the Ministry of Trade and Industry to be presented to the commercial and industrial community under
A social dialogue about the law, which is a leap in the legislative thought and replaces a law
The current customs issued 55 years ago also offers many facilities for the commercial and industrial community
And mechanisms for the protection of national industries with the blocking of outlets and the development of mechanisms of operation at the customs service
By introducing pre-customs rate and pre-clearance systems
Prior to their arrival in the Egyptian ports other than the establishment of a legal basis for documents submitted electronically to be terminated
Customs procedures.

He said that the bill reorganizes everything
Special customs arrangements in accordance with the best international practices to stimulate international trade
To Egypt, where the government aims the diversion Egyptian ports
Towards a regional center for global trade, pointing out that these systems contain the goods that are included in the system
Transit, customs warehouses, temporary storage, free zones and economic zones
With its own nature and free markets and allow temporary and preliminary release to allocate that it will be
Grant a period of one year from the date of issue of the new law to regulate the status of goods released by the system
Temporary release.

He added that the bill combines the treatment for the first time
Customs and exemptions in a single law to facilitate the dealers with customs also confirm the commitment
The law of the provisions of the trade agreements that are linked to Egypt, as well as the petroleum and mining agreements.

He pointed out that the bill provides for the issuance of
The implementing rules of the Minister of Finance within 6 months from the date of entry into force and to be issued will be continued
To work with the current regulations and decisions in a way that does not conflict with the provisions of the new law.

And about the new introduced by the bill on customs
The Minister emphasized that the Ministry of Finance has ensured that a wide range of definitions of terms are included in the law
32 achieve definitions to avoid contradictory interpretations and to ensure uniformity of customs treatment for everyone
Ports at the level of the Republic.

He said the bill was dedicated to a complete door to organize
Special customs rules, for example Article 26, on goods in transit
Foreign goods originating in accordance with the transit system may be transported without taking the sea route
After providing one of the guarantees accepted by customs, and these goods are not subject to restrictions or
The prohibition is only mentioned differently in the laws or decisions that are given in this context
The bloodstream Responsible for loss, shortcoming or change in
The goods are damaged or damaged or tampered with, without prejudice to the responsibility of the owner of the goods and the tax is estimated
Customs and other taxes and fees due on the date of registration of the customs declaration or date
Give the guarantee with these taxes and set the implementation rules and rules and guarantees that are required
To apply this system.

Articles 27, 28 and 29 concerned warehouses
Article 27 stipulates that the storage system is licensed by a decision of the Minister of Finance
Or the person empowered by the customs authority to authorize the performance of certain operations in respect of the goods deposited in warehouses,
The implementation regulations specify the types of warehouses and the goods that are stored therein and the duration of their stay
Procedures for allowing transfer of ownership of goods, transactions therein and appropriate guarantees
Entries and tasks must be performed annually for customs and other relevant rules.

Article 28 provided for the liability of the employer
For the warehouse on the implementation of customs tax and other taxes and fees due for each deficit or
Loss or change in the weights, quantities or quantities of goods that have been deposited in the warehouse, as well as fines
And compensation. Customs duties and other taxes and other duties on goods
Filed in the warehouses at final release on the basis of their weights, quantities or amounts
Whether its size at the time of deposit and responsibility will be waived as the deficit or loss or change for reasons
Such as evaporation or drought, or due to force majeure
And the share of shortages and changes in goods.

He added that Article 29 states: "is not permitted
The warehouses store prohibited goods, explosives, similar materials and materials
For inflammation (spontaneous combustion) and goods that show signs of corruption and show it
The existence of the warehouse is at risk or can damage the quality of other products and goods that must be stored
Special construction and loose goods, unless the warehouse is designated for this.

The Minister explained that Article 30 is specific for storage
The temporary authorization provides for the storage of goods received or issued in temporary customs warehouses until
Termination of release procedures The Executive Body specifies the types of goods that can be stored
Temporary customs warehouses, the duration of their stay, the actions performed and the guarantees due
Submission and assignment by the customs authority.

The Minister said the article about the free zones
31 of the draft law requires the competent administrative authority and before the license to establish free zones
The need to inform customs of their opinion on the required conditions and specifications and to inform them of the issue
The decision to exercise, change or cancel the activity and the right of interest to view the papers and records
Documents and documents of any kind and inventory of projects of free zones and completion of competitions
To verify the validity of the balances, provided that the competent administrative authority attends the inventory and conformity result
The implementing regulations specify customs procedures and customs control procedures
Free zones.

Article 32 deals with economic zones
Of a special nature, in which it is stated that it is not allowed to practice the activities of those areas only afterwards
Issue of the decision of the Minister of Finance or his authorized representative to consider the area authorized by the customs authority and the Authority
Also have the right to view papers, documents, documents and documents of whatever nature and behavior
Inventory of projects of economic zones of a special nature and completion of the necessary competitions
The regulations specify customs procedures and customs control arrangements.

Articles 33 and 34, according to Minister Vikhtansan
In the regulation of free markets where Article 33 provides for the grant of the right to license the free market system
At the head of customs with the non-establishment of free markets in non-ports, provided that the regulation is adopted
Rules for the operation of this system and the goods that may be deposited in it and guarantees and unemployment and the survival time

Article 34 provided for the responsibility of the entity
Exploitation of the free market for the execution of the customs tax and other taxes and charges due
For shortages or loss or change in the weights or quantities or quantities of goods deposited on those markets
As well as penalties and compensation, with the calculation of the value of such taxes, fees, fines and compensation
In accordance with the laws and regulations that are in effect on the date of sale and liability is lifted if the shortcoming is or
The change is due to force majeure or to natural causes as determined by the competent authority

The minister said the bill about the temporary permit system
Specify the period for the temporary release of messages from abroad for production and re-export
Is a year and can be extended for another period of no more than the year, which was an important gap filling
Some exploited by smuggling, pointing out that the draft law also provides for Article 35
Prohibition on the disposal of goods for temporary release after approval of customs and payment of taxes
And fees with the payment of additional taxes at 1.5% of the value of customs tax for each month
Or part of it from the date of import of these goods to the country until the date of payment.

He added that he had also made the decisions
The bill to encourage the Egyptian industry to allow an additional 5% on the shares of the deceased and lost
Industry of raw materials and production requirements that have been temporarily released and approved by the authorities
The competent, noting that this facilitation will solve many of the problems about the proportions of the lost and lost
Customs and industrial society.

He said that the bill also included encouragement
The local industries have the temporary release of machines, equipment, appliances, containers and resources
Transport, except passenger cars and yachts, to work within the country, provided they are taxed
Customs duties amounting to 2% of the customs tax which is prescribed on the date of the provisional release of each month or
A part and a maximum of 20% per year for the duration of his stay in the country and to re-export
Whether the eventual release of them, and to encourage national projects, only give a commitment from the minister
The competent authority or the President of the Commission if such machines and equipment are available to a government body
In national projects.

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