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Customs Release of Imported Goods and Prioritizing Basic Commodities: Insights from Minister of Finance, Dr. Mohamed Maait

Books – Ahmed Yaqoub Sunday, July 02, 2023 10:34 am

Dr. Mohamed Maait, Minister of Finance, confirmed that the customs release of imported goods, goods, and products in various ports and customs outlets amounted to about $32 billion during the past five months, explaining that the priority is for basic commodities, food manufacturing components, medicines, and production requirements in a way that ensures the sustainability of the production wheel at its full capacity, and reduces Burdens on importers, by reducing the burden of taxes and fines, and meeting the needs of citizens by providing all basic commodities in the local markets.

The minister said, “We are keen to support efforts to secure the state’s strategic stock of basic commodities for citizens, in a way that helps maintain the volume of quantities offered in the local markets, and then create favorable conditions for price stability as much as possible, in a way that contributes to reducing the negative effects of the war in Europe, and the resulting consequences.” Disruptions in supply chains, and an unprecedented rise in global prices for goods and services.

The minister added that the automation of the customs system contributes to accelerating the completion of customs release procedures for goods, in a way that helps achieve our strategic goal of transforming ports into transit gates only, not storage places, and thus effectively contributing to reducing production costs, and motivating the business community to expand its operations. investment activities, in addition to protecting the markets from entry of any inferior goods that do not conform to European and American specifications through the ACI pre-registration system for shipments.

Al-Shahat Ghaturi, head of the Customs Authority, said that the levels of readiness and preparedness in ports and customs outlets have been raised, and working hours have been doubled. In a way that contributes to the speedy release of goods, pointing out that the customs men are keen to complete the customs release procedures for the goods in the ports, as soon as the documents are completed in cooperation with the supplying parties.

He indicated the continuation of the facilitation procedures. In order to contribute to preventing the accumulation of goods in ports, including stopping the collection of customs fines from investors and importers who are late in completing customs procedures due to the documents required to be completed by the relevant authorities; In a way that helps reduce their burdens, and then they do not have to add these customs fines to the costs of goods, and allow shipping agencies to transport imported goods from ports to warehouses and dry ports outside customs ports, so that transportation is in the name of shipping agencies, or in the name of importers in accordance with the established procedures. .

2023-07-02 07:34:00
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