{"id":599422,"date":"2019-06-27T04:00:16","date_gmt":"2019-06-27T04:00:16","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/27\/customs-act-amendments-to-be-discussed-by-egypts-house-after-summer-break\/"},"modified":"2019-06-27T04:00:16","modified_gmt":"2019-06-27T04:00:16","slug":"customs-act-amendments-to-be-discussed-by-egypts-house-after-summer-break","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/27\/customs-act-amendments-to-be-discussed-by-egypts-house-after-summer-break\/","title":{"rendered":"Customs Act amendments to be discussed by Egypt\u2019s House after summer break"},"content":{"rendered":"

<\/a> EXCLUSIVE- Customs Act parliamentary discussions kicked to FY2019-2020 legislative cycle: <\/b>The House of Representatives is expected to vote on proposed amendments to the Customs Act after the summer recess, two government sources told Enterprise. The Finance Ministry decided to postpone the vote to give itself time to factor in the planned customs breaks to incentivize local manufacturers<\/a>. The draft legislation made its way to cabinet this week<\/a> after the Council of State (Maglis El Dawla) completed its review.<\/p>\n

The incentives should be ready before the end of the summer recess. <\/b>They would bring about a mandatory revision of custom rates based on the percentage of domestic content used by factories. We noted on Sunday<\/a> that cabinet could announce auto industry incentives by the end of this month. As for other manufacturers, we know that incentives will follow the auto industry\u2019s rational. It is unclear, though, whether they will be finalized and announced at the same time.<\/p>\n

Background: <\/b>The proposed amendments would expedite customs clearance, create a \u201cwhitelist\u201d of trusted importers, and broaden the Custom Authority\u2019s discretion, according to a final draft<\/a> released by the Finance Ministry last year. The bill would bring customs legislation in line with international agreements and raise Egypt\u2019s ranking in a number of global indices, including the World Bank\u2019s Doing Business report, the ministry said.<\/p>\n","protected":false},"excerpt":{"rendered":"

EXCLUSIVE- Customs Act parliamentary discussions kicked to FY2019-2020 legislative cycle: The House of Representatives is expected to vote on proposed amendments to the Customs Act after the summer recess, two government sources told Enterprise. The Finance Ministry decided to postpone the vote to give itself time to factor in the planned customs breaks to incentivize […]<\/p>\n","protected":false},"author":1,"featured_media":599423,"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":[72,1318,180,131,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-599422","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-speed-round","tag-enterpriseam","tag-fiscal-policy","tag-legislation","tag-manufacturing","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"03801eef-6c8c-4be2-b9d4-70458ba8b94a","is_powered_by":true,"section_story_id":"a412f421-ac5b-4cd7-a5bc-2c4476290e8d","story_type":"1","photo_url":"https:\/\/ent.news\/2020\/1\/662.jpg","photo_position":"above","related_issue":[599410],"teaser":"","voice_url":""},"yoast_head":"\nCustoms Act amendments to be discussed by Egypt\u2019s House after summer break - 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\/27\/customs-act-amendments-to-be-discussed-by-egypts-house-after-summer-break\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Customs Act amendments to be discussed by Egypt\u2019s House after summer break\" \/>\n<meta property=\"og:description\" content=\"EXCLUSIVE- Customs Act parliamentary discussions kicked to FY2019-2020 legislative cycle: The House of Representatives is expected to vote on proposed amendments to the Customs Act after the summer recess, two government sources told Enterprise. The Finance Ministry decided to postpone the vote to give itself time to factor in the planned customs breaks to incentivize […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/06\/27\/customs-act-amendments-to-be-discussed-by-egypts-house-after-summer-break\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-06-27T04:00:16+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2020\/1\/662.jpg?fit=%2C&ssl=1\" \/>\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\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/06\/27\/customs-act-amendments-to-be-discussed-by-egypts-house-after-summer-break\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/06\/27\/customs-act-amendments-to-be-discussed-by-egypts-house-after-summer-break\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Customs Act amendments to be discussed by Egypt\u2019s House after summer break\",\"datePublished\":\"2019-06-27T04:00:16+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/06\/27\/customs-act-amendments-to-be-discussed-by-egypts-house-after-summer-break\/\"},\"wordCount\":237,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/06\/27\/customs-act-amendments-to-be-discussed-by-egypts-house-after-summer-break\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2020\/1\/662.jpg?fit=%2C&ssl=1\",\"keywords\":[\"EnterpriseAM\",\"fiscal policy\",\"legislation\",\"Manufacturing\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/06\/27\/customs-act-amendments-to-be-discussed-by-egypts-house-after-summer-break\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/06\/27\/customs-act-amendments-to-be-discussed-by-egypts-house-after-summer-break\/\",\"name\":\"Customs Act amendments to be discussed by Egypt\u2019s House after summer break - 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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\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":596264,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/08\/22\/egypts-customs-authority-proposes-legislative-amendments-to-regulate-customs-clearance-agents\/","url_meta":{"origin":599422,"position":1},"title":"Egypt\u2019s Customs Authority proposes legislative amendments to regulate customs clearance agents","author":"enterpriseam admin","date":"22 August 2019","format":false,"excerpt":"LEGISLATION WATCH- Customs Authority considers new Customs Act amendments: The Customs Authority has proposed expanding draft Customs Act amendments that would regulate customs clearance agents, Al Mal reports. The new clauses would require that agents are Egyptian passport holders aged over 21 who have an undergraduate degree and have completed\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":603319,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/04\/18\/council-of-state-to-complete-in-days-reviewing-amendments-to-egypts-customs-act\/","url_meta":{"origin":599422,"position":2},"title":"Council of State to complete in \u201cdays\u201d reviewing amendments to Egypt\u2019s Customs Act","author":"enterpriseam admin","date":"18 April 2019","format":false,"excerpt":"LEGISLATION WATCH- Council of State to complete review of proposed Customs Act amendments in days: The Council of State (Maglis El Dawla) is set to complete its review of proposed amendments to the Customs Act \u201cover the next few days\u201d, Customs Authority boss Kamal Negm said, according to Al Masry\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":626475,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/03\/parliament-signs-off-on-customs-act-amendments\/","url_meta":{"origin":599422,"position":3},"title":"Parliament signs off on Customs Act amendments","author":"enterpriseam admin","date":"3 July 2018","format":false,"excerpt":"LEGISLATION WATCH- Parliament signs off on amendments to Customs Act: The House of Representatives approved yesterday amendments to the Customs Act, El Watan reports. The amendments would slash customs duties on capital goods and expand temporary exemptions for production inputs and packaging equipment, in addition to introducing provisions that aim\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":599225,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/23\/house-to-vote-on-commercial-rents-after-the-summer-recess\/","url_meta":{"origin":599422,"position":4},"title":"House to vote on commercial rents after the summer recess","author":"enterpriseam admin","date":"23 June 2019","format":false,"excerpt":"LEGISLATION WATCH- House to vote on commercial rent law during next legislative session: The House of Representatives is expected to vote on proposed amendments to the commercial \u201cold rent\u201d law after the summer recess, parliamentary sources told the local press. 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