{"id":596968,"date":"2019-07-14T04:15:39","date_gmt":"2019-07-14T04:15:39","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/14\/iron-factories-at-war-with-trade-ministry-over-import-duty-on-iron-billets\/"},"modified":"2019-07-14T04:15:39","modified_gmt":"2019-07-14T04:15:39","slug":"iron-factories-at-war-with-trade-ministry-over-import-duty-on-iron-billets","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/14\/iron-factories-at-war-with-trade-ministry-over-import-duty-on-iron-billets\/","title":{"rendered":"Iron factories at war with Trade Ministry over import duty on iron billets"},"content":{"rendered":"

DISPUTE WATCH- Iron factories at war with Trade Ministry over import duty on iron billets: <\/b>Twenty-two iron factories have halted procedures to resume production due to an appeal filed by the Trade Ministry against an administrative court\u2019s decision to suspend<\/a> the 15% import duty on iron billets, an industry source told the local press<\/a>. The court will look into the appeal<\/a> tomorrow. The factories, which may not resume operations until after the court has reviewed and ruled on the appeal, have also lodged a separate appeal requesting that the court essentially disregard the ministry and allow them to resume production, lawyer Gaber Nassar said<\/a>. The factories had begun to release 70k tonnes of billets from port warehouses after the court\u2019s decision to suspend the duty.<\/p>\n

Background: <\/b>Twenty-one iron factories had filed a lawsuit against the ministry\u2019s decision after the increased price of iron forced them to stop production. The ministry imposed the 15% levy, together with a 25% import fee on steel rebar, in mid-April<\/a> for a period of 180 days.<\/p>\n","protected":false},"excerpt":{"rendered":"

DISPUTE WATCH- Iron factories at war with Trade Ministry over import duty on iron billets: Twenty-two iron factories have halted procedures to resume production due to an appeal filed by the Trade Ministry against an administrative court\u2019s decision to suspend the 15% import duty on iron billets, an industry source told the local press. The […]<\/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":[8572],"tags":[317,72,131,2380,132],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-596968","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-commodities","tag-enterpriseam","tag-manufacturing","tag-speed-round","tag-trade","wpautop","entry"],"acf":{"mongo_id":"d1e4beac-0355-4667-81dc-9c151daffcac","is_powered_by":true,"section_story_id":"7c9d550d-f2b3-4ae8-b405-9c2cec1f0f73","story_type":"1","photo_url":"","photo_position":"above","related_issue":[596948],"teaser":"","voice_url":""},"yoast_head":"\nIron factories at war with Trade Ministry over import duty on iron billets - 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\/07\/14\/iron-factories-at-war-with-trade-ministry-over-import-duty-on-iron-billets\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Iron factories at war with Trade Ministry over import duty on iron billets\" \/>\n<meta property=\"og:description\" content=\"DISPUTE WATCH- Iron factories at war with Trade Ministry over import duty on iron billets: Twenty-two iron factories have halted procedures to resume production due to an appeal filed by the Trade Ministry against an administrative court\u2019s decision to suspend the 15% import duty on iron billets, an industry source told the local press. 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The BSC said in its recommendation report that there wasn\u2019t sufficient evidence to prove the\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\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":596774,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/08\/egypts-administrative-court-suspends-15-import-on-iron-billets\/","url_meta":{"origin":596968,"position":1},"title":"Egypt\u2019s administrative court suspends 15% import on iron billets","author":"enterpriseam admin","date":"8 July 2019","format":false,"excerpt":"Administrative court suspends 15% import fee on iron billets: The Supreme Administrative Court has suspended the 15% import duty on iron billets imposed by the Trade Ministry in April, Mubasher reported. The court is now seeking expert opinion to ascertain the effects of the duty on local industry. 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Rolling mills are planning to appeal once again a decision to introduce import duties on steel rebar and iron billets, claiming that the measures will damage their businesses, Al Shorouk reports. The High Administrative Court yesterday overturned a court decision to freeze the\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\/2019\/10\/40.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":572146,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/06\/14\/govt-considering-raising-tariffs-on-imports-of-steel-iron-billets\/","url_meta":{"origin":596968,"position":4},"title":"Gov\u2019t considering raising tariffs on imports of steel, iron billets","author":"enterpriseam admin","date":"14 June 2020","format":false,"excerpt":"The Trade and Industry Ministry is considering raising tariffs on imports of steel and iron billets, an unnamed government official told Al Shorouk. 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