Computers to be granted preferential customs rate, customs duties to be paid in installments

Your MacBook Pro is now an essential import: Computers will be added to the list of imports on which customs duties will be calculated using the preferential exchange rate of EGP 16 to the greenback, Finance Minister Mohamed Maait announced yesterday according to AMAY. Maait added that the decision took effect yesterday at customs ports of entry. Customs Authority Head Kamal Negm also announced that, for the first time, importers will be able to pay customs duties in installments, Ahram reports.