{"id":599265,"date":"2019-06-24T04:00:35","date_gmt":"2019-06-24T04:00:35","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/24\/customs-dispute-with-mercedes-benz-importer-cleared\/"},"modified":"2019-06-24T04:00:35","modified_gmt":"2019-06-24T04:00:35","slug":"customs-dispute-with-mercedes-benz-importer-cleared","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/24\/customs-dispute-with-mercedes-benz-importer-cleared\/","title":{"rendered":"Customs dispute with Mercedes-Benz importer cleared"},"content":{"rendered":"

<\/a> EXCLUSIVE- Dispute between Customs Authority and Mercedes-Benz importer finally settled?<\/b> An Egyptian importer of Mercedes-Benz vehicles has won an EGP 700 mn<\/a> customs refund after the cabinet\u2019s dispute resolution committee ruled in favor of the company in its dispute with the Customs Authority, a government source told Enterprise. The company was initially asked to pay an extra EGP 700 mn in a dispute over the basis of calculation for import duties. The sum was held in trust by the authority while the dispute committee took up the case, and the authority has now transferred the EGP 700 mn back to the importer<\/b>, our source said. The committee also ruled that the government\u2019s trade representative in Germany must pass the invoices for shipments of all cars imported from Germany directly to the Customs Authority, the source said.<\/p>\n

Background:<\/b> The government originally reached a settlement with the company earlier this year<\/a>, but the dispute resurfaced in April<\/a> after the importer pushed back on the Customs Authority\u2019s imposition of indicative pricing on cars. The company denied any wrongdoing, saying that as an importer it can sometimes get price breaks from Mercedes-Benz that the Customs Authority \u201cdoes not acknowledge\u201d in calculating the base price for customs. The dispute committee said at the time that it would be \u201cdifficult\u201d to give the importer the customs rate it was seeking.<\/p>\n

In related news:<\/b> BMW signed yesterday an EGP 55 mn settlement with the customs authority, the source also told us. The Customs Authorityreached in April<\/a> an agreement with the German automotive giant to end a dispute over customs tariffs and valuations of imported cars.<\/p>\n

Mercedes assembly plant still on the cards?<\/b> The luxury car maker said in January<\/a> it could \u201cstart\u201d a new assembly plant in Egypt. It shut down its assembly line in mid-2015 amid FX shortages. Completely fully imported vehicles (also known as \u201cCBU\u201d in the trade) were also made cheaper in light of falling tariffs on EU-assembled cars, which hit zero at the start of this year.<\/p>\n","protected":false},"excerpt":{"rendered":"

EXCLUSIVE- Dispute between Customs Authority and Mercedes-Benz importer finally settled? An Egyptian importer of Mercedes-Benz vehicles has won an EGP 700 mn customs refund after the cabinet\u2019s dispute resolution committee ruled in favor of the company in its dispute with the Customs Authority, a government source told Enterprise. The company was initially asked to pay […]<\/p>\n","protected":false},"author":1,"featured_media":599266,"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":[309,957,72,3526,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-599265","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-speed-round","tag-customs","tag-dispute-watch","tag-enterpriseam","tag-mercedes-benz","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"662f6e94-20ce-4582-82be-0b1d9e6a0728","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2018\/9\/695.jpg","photo_position":"above","related_issue":[599260],"teaser":"","voice_url":""},"yoast_head":"\nCustoms dispute with Mercedes-Benz importer cleared - 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\/06\/24\/customs-dispute-with-mercedes-benz-importer-cleared\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Customs dispute with Mercedes-Benz importer cleared\" \/>\n<meta property=\"og:description\" content=\"EXCLUSIVE- Dispute between Customs Authority and Mercedes-Benz importer finally settled? An Egyptian importer of Mercedes-Benz vehicles has won an EGP 700 mn customs refund after the cabinet\u2019s dispute resolution committee ruled in favor of the company in its dispute with the Customs Authority, a government source told Enterprise. 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EGP 700 mn (USD 39.2 mn) dispute between the Customs Authority and an Egyptian importer of Mercedes-Benz cars, according to a Finance Ministry statement. The statement did not name\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":575412,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/10\/14\/mercedes-to-start-local-assembly-very-soon-after-five-year-hiatus-sources\/","url_meta":{"origin":599265,"position":2},"title":"Mercedes to start local assembly \u201cvery soon\u201d after five-year hiatus -sources","author":"enterpriseam admin","date":"14 October 2020","format":false,"excerpt":"EXCLUSIVE- Mercedes-Benz could resume assembling its passenger car models in Egypt \u201cvery soon\u201d after a five-year hiatus, two sources in government tell Enterprise. 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The announcement comes shortly after the Egyptian government settled a c.EGP 700 mn (USD 39.2 mn) dispute between the Customs Authority and an Egyptian importer of\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":603265,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/04\/17\/customs-authority-reaches-agreement-with-bmw-on-dispute\/","url_meta":{"origin":599265,"position":4},"title":"Customs authority reaches agreement with BMW on dispute","author":"enterpriseam admin","date":"17 April 2019","format":false,"excerpt":"EXCLUSIVE- BMW to pay EGP 55 mn settlement to end customs dispute: The Customs Authority has reached an agreement with automotive giant BMW to end a dispute over customs tariffs and valuations of imported cars, Customs Authority head Kamal Negm told Enterprise. The company will stipulate a price list for\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":599313,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/25\/egypt-signs-agreement-for-mercedes-benz-to-bring-its-automotive-assembly-to-the-sczone\/","url_meta":{"origin":599265,"position":5},"title":"Egypt signs agreement for Mercedes-Benz to bring its automotive assembly to the SCZone","author":"enterpriseam admin","date":"25 June 2019","format":false,"excerpt":"Mercedes-Benz to jump back into auto assembly in Egypt through SCZone: Trade and Industry Minister Amr Nassar signed yesterday an MoU that could see Mercedes-Benz resume the assembly of passenger cars in Egypt after a four-year hiatus, according to a cabinet statement. 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