Minister of Finance, Dr. Mohamed Maait, praised efforts of customs officers in paving the way and facilitating custom procedures for the business community

Minister of Finance, Dr. Mohamed Maait, praised efforts of customs officers in paving the way and facilitating custom procedures for the business community.  These measures included offering customs exemptions on imported strategic products to improve performance of the different customs departments, reduce customs clearance time, meet the needs of local markets and contribute to price stability of products.

According to a statement issued by the Head of the Egyptian Customs Authority, Mr. Kamal Negm, Dr. Maait noted that the Central Customs Department and the Free Zones at Port Said, headed by Mr. Mohamed Hanafy, released an aggregate of 7,436 customs certificates as “final inbounds” through last February. The foregoing contained various strategic as well as general goods, such as wheat, grains, maize, production supplies and spare parts for vehicles.

Taxes and customs duties collected from “certificates of imported products” amounted to EGP 546, 260, 000, whereas VAT and other charges collected from the same reached EGP 2, 691, 646, 000, as mentioned in the statement.

Over last February, the general export goods department at Port Said Customs Authority exported an aggregate of 628 outbound customs statements with a value worth EGP 595, 640, 000 for different strategic and general products; namely, food products, juice packs, fruits and primary raw materials. Export duties for some customs statements registered EGP 887 thousands.

The statement underlined that total taxes, custom duties and other taxes and charges collected at Port Said Customs Authority mounted up to a value of   EGP 3 billion and 161, 757, 000 in proceeds.