Federation of Egyptian Industries reviewing final draft of Customs Act

LEGISLATION WATCH- Final draft of amended Customs Act now with industry group for review: The Federation of Egyptian Industries (FEI) is reviewing the final version of proposed amendments to the Customs Act, Mohamed El-Bahy, head of the federation’s taxes and customs committee, told Youm7. The FEI’s feedback goes to the Finance Ministry before the text of the bill is sent to cabinet and then the House of Representatives for final sign-off. The proposed amendments would create a fast-track for customs clearance, a “whitelist” of trusted importers, and broaden the Customs Authority’s discretion.