{"id":578443,"date":"2022-12-28T04:00:07","date_gmt":"2022-12-28T04:00:07","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/12\/28\/last-nights-talk-shows-the-customs-police-are-watching\/"},"modified":"2022-12-28T04:00:07","modified_gmt":"2022-12-28T04:00:07","slug":"last-nights-talk-shows-the-customs-police-are-watching","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/12\/28\/last-nights-talk-shows-the-customs-police-are-watching\/","title":{"rendered":"Last Night\u2019s Talk Shows: The customs police are watching"},"content":{"rendered":"

Imports led the talk shows last night for the second night running<\/strong>, this time centered around the Customs Authority\u2019s decision to crack down on violators who fail to disclose the true value of their imported goods. The authority yesterday said<\/a> that importers caught fabricating documentation and submitting invoices of less than USD 2k \u2014 which would allow for their shipments to be immediately released without the need for a Form 4 customs document \u2014will be classified as high risk importers on the ACI system, depriving them of any custom facilities. Violators could also face a 3-12 month suspension.<\/p>\n

It\u2019s yet another way of USD abuse: <\/strong>The Form 4 document requires importers to transfer the value of their imports from abroad through Egyptian banks. Dodging this would allow importers to keep hold of their hard currency and avoid paying customs and tax. This marks the latest in a list of measures<\/a> the state has introduced to address the growing shortage of foreign currency in Egypt and crack down on the parallel market.<\/p>\n

The Customs Authority has so far recorded 26k violations<\/strong>, the head of the authority, El Shahat El Ghatwary, told Ala Mas\u2019ouleety last night (watch, runtime: 4:23<\/a>). Some importers have declared imports worth USD 1.5k when in fact their imports were coming in at USD 200k-300k, he said.<\/p>\n

Also talking imports on the air last night:<\/strong> FinMin advisor Mona Nasser was on Masaa DMC (watch, runtime: 8:12<\/a>), and Assistant Supply Minister Ibrahim Ashmawy joined Kelma Akhira (watch, runtime: 12:28<\/a>).<\/p>\n

ALSO ON THE AIRWAVES-<\/strong><\/p>\n

FACT CHECK- Chinese mobile maker Oppo is <\/strong>not exiting<\/a><\/strong> the Egyptian market<\/strong>, Oppo Egypt\u2019s public relations head Raghda Amer told Kelma Akhira last night (watch, runtime: 4:13<\/a>) denying rumors circulating in the lo<\/a>cal pre<\/a>ss<\/a> that the company has let go of all of its employees in Egypt ahead of exiting the market. The company has only shut down two of its local branches in response to local market disturbances, letting go of no more than 30 employees in the process, she said.<\/p>\n

Giza Zoo + Orman Garden are now under the management of the military: <\/strong>A military-owned company has been awarded a 25-year contract to renovate the Giza Zoo and the Orman Garden, the head of the firm told Kelma Akhira\u2019s Lamees El Hadidi this week (watch, runtime: 9:26<\/a>). The National Military Production Company for Projects, Engineering Consultations and General Supplies will next month start to renovate the sites over an 18-month period. Following parliamentary approval on Thursday, management of both sites will be transferred from the Agriculture Ministry to the Military Production Ministry.<\/p>\n","protected":false},"excerpt":{"rendered":"

Imports led the talk shows last night for the second night running, this time centered around the Customs Authority\u2019s decision to crack down on violators who fail to disclose the true value of their imported goods. The authority yesterday said that importers caught fabricating documentation and submitting invoices of less than USD 2k \u2014 which […]<\/p>\n","protected":false},"author":1,"featured_media":578444,"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":[7232],"tags":[664,104,72,106,622],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-578443","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-last-nights-talk-shows","tag-customs-authority","tag-economy","tag-enterpriseam","tag-last-nights-talk-shows","tag-national-security","wpautop","entry"],"acf":{"mongo_id":"4944be63-9868-4637-a22b-9999a4ef0702","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2022\/12\/583.jpg","photo_position":"above","related_issue":[578422],"teaser":"","voice_url":""},"yoast_head":"\nLast Night\u2019s Talk Shows: The customs police are watching - 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\/12\/28\/last-nights-talk-shows-the-customs-police-are-watching\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Last Night\u2019s Talk Shows: The customs police are watching\" \/>\n<meta property=\"og:description\" content=\"Imports led the talk shows last night for the second night running, this time centered around the Customs Authority\u2019s decision to crack down on violators who fail to disclose the true value of their imported goods. 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FinMin gives big thumbs up to CBE for easing import restrictions: The Central Bank of Egypt\u2019s new rules for facilitating FX for imports is a welcome move for the Finance Ministry by\u2026","rel":"","context":"In "LAST NIGHT\u2019S TALK SHOWS"","block_context":{"text":"LAST NIGHT\u2019S TALK SHOWS","link":"https:\/\/enterpriseam.com\/egypt\/category\/last-nights-talk-shows\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":546950,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/06\/02\/more-trouble-ahead-for-importers-as-customs-exchange-rate-rises\/","url_meta":{"origin":578443,"position":1},"title":"More trouble ahead for importers as customs exchange rate rises","author":"enterpriseam admin","date":"2 June 2022","format":false,"excerpt":"Leading the airwaves yesterday: The Customs Authority\u2019s decision to hike the USD customs exchange rate to EGP 18.65 this month had everyone talking on the airwaves.Prepare for more inflation: Prices of imported products will rise 7-9% due to the decision, Emad El Qenawy, head of the importers division at the\u2026","rel":"","context":"In "LAST NIGHT'S SHOWS"","block_context":{"text":"LAST NIGHT'S SHOWS","link":"https:\/\/enterpriseam.com\/egypt\/category\/last-nights-shows\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":557161,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/09\/08\/customs-trade-headline-the-talk-shows-on-8-september-2021\/","url_meta":{"origin":578443,"position":2},"title":"Customs + trade headline the talk shows on 8 September 2021","author":"enterpriseam admin","date":"8 September 2021","format":false,"excerpt":"Last night\u2019s talk shows focused on President Abdel Fattah El Sisi\u2019s tour of Alexandria Port, during which he inspected development work on a new multi-purpose logistics station, sea docks and storage warehouses, as well as new train carriages and the monorail. Alaa Mas\u2019ouleety (watch, runtime: 13:16), Kelma Akhira (watch, runtime:\u2026","rel":"","context":"In "Enterprise+: Last Night\u2019s Talk Shows"","block_context":{"text":"Enterprise+: Last Night\u2019s Talk Shows","link":"https:\/\/enterpriseam.com\/egypt\/category\/enterprise-last-nights-talk-shows\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":594637,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/03\/no-particular-theme-driving-the-conversation-on-egypts-airwaves-last-night\/","url_meta":{"origin":578443,"position":3},"title":"No particular theme driving the conversation on Egypt\u2019s airwaves last night","author":"enterpriseam admin","date":"3 September 2019","format":false,"excerpt":"It was a mixed bag of nuts on the airwaves last night, with no particular topic dominating the conversation. Discussions of the new floating customs exchange rate, automotive sales, and a new presidential health initiative all got some airtime. El Hekaya\u2019s Amr Adib phoned advisor to the finance minister for\u2026","rel":"","context":"In "Enterprise+: Last Night\u2019s Talk Shows"","block_context":{"text":"Enterprise+: Last Night\u2019s Talk Shows","link":"https:\/\/enterpriseam.com\/egypt\/category\/enterprise-last-nights-talk-shows\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":578757,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/01\/12\/wall-to-wall-egp-imports-chat\/","url_meta":{"origin":578443,"position":4},"title":"Wall-to-wall EGP + imports chat","author":"enterpriseam admin","date":"12 January 2023","format":false,"excerpt":"The pundits spent most of last night discussing \/ bemoaning the weakening EGP, with some saying that they gave up refreshing their screens for fear of a higher USD \/ EGP rate with every click. See the full story in our Economy section, above. Elsewhere, the talking heads were discussing\u2026","rel":"","context":"In "LAST NIGHT\u2019S TALK SHOWS"","block_context":{"text":"LAST NIGHT\u2019S TALK SHOWS","link":"https:\/\/enterpriseam.com\/egypt\/category\/last-nights-talk-shows\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/1\/196.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":641759,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/09\/02\/egypts-address-to-the-un-security-council-on-the-gerd-dominated-airwaves-sunday\/","url_meta":{"origin":578443,"position":5},"title":"Egypt\u2019s address to the UN Security Council on the GERD dominated airwaves Sunday","author":"enterpriseam admin","date":"2 September 2024","format":false,"excerpt":"Plus, a new plan from the Finance Ministry to crack down on car importers who\u2019ve illegally skirted customs duties","rel":"","context":"In "LAST NIGHT\u2019S TALK SHOWS"","block_context":{"text":"LAST NIGHT\u2019S TALK SHOWS","link":"https:\/\/enterpriseam.com\/egypt\/category\/last-nights-talk-shows\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/9\/86.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/578443","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=578443"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/578443\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/578422"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/578444"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=578443"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=578443"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=578443"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=578443"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=578443"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}