{"id":596023,"date":"2019-08-18T04:00:47","date_gmt":"2019-08-18T04:00:47","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/08\/18\/finance-ministry-amends-some-executive-regulations-in-customs-act\/"},"modified":"2019-08-18T04:00:47","modified_gmt":"2019-08-18T04:00:47","slug":"finance-ministry-amends-some-executive-regulations-in-customs-act","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/08\/18\/finance-ministry-amends-some-executive-regulations-in-customs-act\/","title":{"rendered":"Finance Ministry amends some executive regulations in Customs Act"},"content":{"rendered":"<p>The Finance Ministry <a href=\"https:\/\/enterprise.press\/stories\/2019\/07\/14\/finmin-issues-amendments-to-customs-act-regulations\/\">amended the executive regulations<\/a> of the Customs Act to unify the procedures of customs valuation for transit goods, <a href=\"http:\/\/www.mof.gov.eg\/Arabic\/MOFNews\/Press\/Pages\/news-15-8-2019.aspx\">the Finance Ministry said in a statement<\/a>. The amendments allow imports that haven\u2019t been custom-cleared to be transported to warehouses outside of ports and special economic zones after valid guarantees are presented.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Finance Ministry amended the executive regulations of the Customs Act to unify the procedures of customs valuation for transit goods, the Finance Ministry said in a statement. The amendments allow imports that haven\u2019t been custom-cleared to be transported to warehouses outside of ports and special economic zones after valid guarantees are presented.<\/p>\n","protected":false},"author":1,"featured_media":0,"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":[9344],"tags":[309,72,276,2375,871],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-596023","post","type-post","status-publish","format-standard","hentry","category-legislation-policy","tag-customs","tag-enterpriseam","tag-finance-ministry","tag-legislation-policy","tag-regulation-watch","wpautop","entry"],"acf":{"mongo_id":"0df139b8-4098-41b8-9567-7d4b86893db5","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[595996],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Finance Ministry amends some executive regulations in Customs Act - 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\/2019\/08\/18\/finance-ministry-amends-some-executive-regulations-in-customs-act\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Finance Ministry amends some executive regulations in Customs Act\" \/>\n<meta property=\"og:description\" content=\"The Finance Ministry amended the executive regulations of the Customs Act to unify the procedures of customs valuation for transit goods, the Finance Ministry said in a statement. The amendments allow imports that haven\u2019t been custom-cleared to be transported to warehouses outside of ports and special economic zones after valid guarantees are presented.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/08\/18\/finance-ministry-amends-some-executive-regulations-in-customs-act\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-08-18T04:00:47+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/08\/18\/finance-ministry-amends-some-executive-regulations-in-customs-act\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/08\/18\/finance-ministry-amends-some-executive-regulations-in-customs-act\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Finance Ministry amends some executive regulations in Customs Act\",\"datePublished\":\"2019-08-18T04:00:47+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/08\/18\/finance-ministry-amends-some-executive-regulations-in-customs-act\/\"},\"wordCount\":63,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"customs\",\"EnterpriseAM\",\"Finance Ministry\",\"Legislation + Policy\",\"regulation watch\"],\"articleSection\":[\"Legislation + Policy\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/08\/18\/finance-ministry-amends-some-executive-regulations-in-customs-act\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/08\/18\/finance-ministry-amends-some-executive-regulations-in-customs-act\/\",\"name\":\"Finance Ministry amends some executive regulations in Customs Act - 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The increased costs include the deposit required for the release of goods, the royalties paid to the\u2026","rel":"","context":"In &quot;Legislation + Policy&quot;","block_context":{"text":"Legislation + Policy","link":"https:\/\/enterpriseam.com\/egypt\/category\/legislation-policy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":591880,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/19\/egypts-new-customs-act-expected-to-come-into-effect-in-1h2020\/","url_meta":{"origin":596023,"position":1},"title":"Egypt\u2019s new Customs Act expected to come into effect in 1H2020","author":"enterpriseam admin","date":"19 December 2019","format":false,"excerpt":"LEGISLATION WATCH- The proposed Customs Act is expected to come into effect in 1H2020, unnamed sources at the Finance Ministry said, Al Mal reports. The House Planning and Budgeting Committee is expected to finalize its review of the 55-article bill this month before shipping it to the House general assembly\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":562493,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/05\/26\/customs-act-regs-are-up-for-discussion-again\/","url_meta":{"origin":596023,"position":2},"title":"Customs Act regs are up for discussion again","author":"enterpriseam admin","date":"26 May 2021","format":false,"excerpt":"The business community has one week to give feedback on the latest version of the Customs Act\u2019s executive regulations (pdf), after the Finance Ministry incorporated suggested amendments and requests from the latest round of public consultations last month, Al Masry Al Youm reports. Under the proposed regulations, importers would be\u2026","rel":"","context":"In &quot;LEGISLATION WATCH&quot;","block_context":{"text":"LEGISLATION WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/legislation-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":567945,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/12\/13\/finmin-industry-groups-to-set-up-working-groups-to-improve-tax-policy\/","url_meta":{"origin":596023,"position":3},"title":"FinMin, industry groups to set up \u201cworking groups\u201d to improve tax policy","author":"enterpriseam admin","date":"13 December 2020","format":false,"excerpt":"The newly-passed Customs Act could be in for changes after Finance Minister Mohamed Maait agreed to conduct a broader review at the behest of industry representatives, according to Al Mal. Maait promised to address investor concerns in the act\u2019s executive regulations, but could amend the legislation itself if needed. The\u2026","rel":"","context":"In &quot;LEGISLATION WATCH&quot;","block_context":{"text":"LEGISLATION WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/legislation-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/12\/221.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":561010,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/22\/finmin-issues-new-customs-act-regs\/","url_meta":{"origin":596023,"position":4},"title":"FinMin issues new Customs Act regs","author":"enterpriseam admin","date":"22 March 2021","format":false,"excerpt":"Companies importing capital goods they need to grow \u2014 including heavy equipment and machinery \u2014 could get a breather under upcoming changes to the Customs Act\u2019s executive regulations(pdf), the draft of which the Finance Ministry has completed ahead of their being put up for public consultations. The regs would allow\u2026","rel":"","context":"In &quot;LEGISLATION WATCH&quot;","block_context":{"text":"LEGISLATION WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/legislation-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":596966,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/14\/finmin-issues-amendments-to-customs-act-regulations\/","url_meta":{"origin":596023,"position":5},"title":"FinMin issues amendments to Customs Act regulations","author":"enterpriseam admin","date":"14 July 2019","format":false,"excerpt":"LEGISLATION WATCH- FinMin issues amendments to Customs Act regulations: The Finance Ministry has issued amendments to the executive regulations of the Customs Act, the local press reported. 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