{"id":549131,"date":"2022-09-05T03:30:21","date_gmt":"2022-09-05T03:30:21","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/09\/05\/manufacturers-heres-how-you-qualify-for-customs-breaks\/"},"modified":"2022-09-05T03:30:21","modified_gmt":"2022-09-05T03:30:21","slug":"manufacturers-heres-how-you-qualify-for-customs-breaks","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/09\/05\/manufacturers-heres-how-you-qualify-for-customs-breaks\/","title":{"rendered":"Manufacturers: Here\u2019s how you qualify for customs breaks"},"content":{"rendered":"

The Finance Ministry has laid out the criteria for industry players looking to <\/strong>benefit from amended customs tariffs<\/strong> approved<\/a> by the House of Representatives in June, according to a cabinet statement<\/a>. Manufacturers will need to keep records on the volume and purpose of their imports so they can qualify for customs breaks on some production inputs, with the Customs Authority, the Industrial Development Authority (IDA), the Trade and Industry Ministry, and the Finance Ministry all playing a role in approving companies\u2019 imports and tariffs depending on the sector in which they operate.<\/p>\n

Refresher:<\/strong> The amendments impact 150 raw material imports used by automotive and industrial manufacturers, hotels, renewables players, and farmers, among other industries. They were put in place in a bid to lower imports of finished goods, boost local industry, and up exports.<\/p>\n

^^ We broke down the customs breaks and how they\u2019re being implemented in an <\/strong>Inside Industry vertical<\/a><\/strong> earlier this summer.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

The Finance Ministry has laid out the criteria for industry players looking to benefit from amended customs tariffs approved by the House of Representatives in June, according to a cabinet statement. Manufacturers will need to keep records on the volume and purpose of their imports so they can qualify for customs breaks on some production […]<\/p>\n","protected":false},"author":1,"featured_media":549132,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7226],"tags":[309,2024,72,276,7196,131,483],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-549131","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-customs","tag-customs","tag-customs-tariffs","tag-enterpriseam","tag-finance-ministry","tag-industry","tag-manufacturing","tag-trade-and-industry-ministry","wpautop","entry"],"acf":{"mongo_id":"b01ab7ce-b452-464a-81c6-3d15a5c1e194","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2022\/9\/115.jpg","photo_position":"above","related_issue":[549126],"teaser":"","voice_url":""},"yoast_head":"\nManufacturers: Here\u2019s how you qualify for customs breaks - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2022\/09\/05\/manufacturers-heres-how-you-qualify-for-customs-breaks\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Manufacturers: Here\u2019s how you qualify for customs breaks\" \/>\n<meta property=\"og:description\" content=\"The Finance Ministry has laid out the criteria for industry players looking to benefit from amended customs tariffs approved by the House of Representatives in June, according to a cabinet statement. 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Nissan and Toyota requested earlier this\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/3\/41.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":624589,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/13\/new-tariffs-take-hold-govt-says-they-dont-violate-wto-agreements\/","url_meta":{"origin":549131,"position":4},"title":"New tariffs take hold, gov\u2019t says they don\u2019t violate WTO agreements","author":"enterpriseam admin","date":"13 September 2018","format":false,"excerpt":"**#1 New import tariffs have taken effect: Customs authorities at ports and airports across the country began yesterday to implement a decision signed off overnight Tuesday by President Abdel Fattah El Sisi to raise import tariffs everything from clothing to electronics and pet food, according to the Finance Ministry. 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