An urgent statement from the Minister of Finance about the latest opportunity to benefit from the initiative to import cars for Egyptians abroad
What matters is the date of transferring the value of the dollar deposit from abroad… not the day it arrives at the bank in Egypt
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1.8One billion dollars, the total value of payment orders issued to beneficiaries so far
767One million dollars, the total value of amounts transferred from Egyptians abroad
We have issued more than 250,000 import approvals… and released more than 28,000 imported cars to Egyptians abroad so far
The import approval is valid for 5 years.. during which it is permissible to choose any car and replace it at any time
Head of the Customs Authority: A permanent committee at the ports… working around the clock… to speed up customs release procedures
Dr. Mohamed Maait, Minister of Finance, confirmed that tomorrow, Monday, is the last opportunity to benefit from the “Facilitating the Importation of Egyptians’ Cars Abroad” initiative, registering applications electronically and paying the value of the prescribed deposit, and there is no intention to extend it again, explaining that what matters is the date of transferring the value of the dollar deposit from abroad. To benefit from the initiative, and not on the day it reaches the account of the Ministry of Finance at the National Bank of Egypt.
The minister said that the total value of payment orders issued to beneficiaries so far amounts to $1.8 billion, while the total value of amounts transferred from Egyptians abroad amounts to $767 million, pointing out that the import approval is valid for 5 years, during which it is permissible to choose any car and replace it at home. Any time, and the first owner has the right to import the car without being restricted by the year of manufacture, and others must not exceed 3 years at the time of customs release.
The Minister indicated that the facilities scheduled for Egyptians residing abroad apply to imports from free zones inside Egypt, and are subject to the same procedures prescribed for importing a car from abroad. The electronic platform provides the possibility of choosing one of the free zones inside Egypt as the import destination, provided that the cash amount due is transferred to the value of the car. With the account of the seller from abroad in foreign currency.
The Minister explained that more than 250,000 import approvals had been issued, and more than 28,000 imported cars had been released For Egyptians abroad so far, pointing out that the deposits of Egyptians abroad who benefit from the car import facilitation initiative are being paid on the scheduled dates at the exchange rate at the time they are due. As an obligation on the “public treasury”.
Al-Shahat Ghatouri, head of the Customs Authority, said that more than 537,000 citizens residing abroad have registered their applications in the electronic application for the initiative to facilitate the import of cars so far. They opened electronic accounts on this digital platform, wrote their data, uploaded documents, and were notified of the fees due. Pointing out that there is an international hotline number “15460” To respond immediately to any inquiries from the pioneers of this initiative, in addition to the presence of a permanent committee at the ports to work around the clock, including days off and official holidays, to speed up customs clearance procedures.
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