2016-04-12

A circular dated April 10, 2016 regarding adding an exception to the import operations instructions

In a letter dated April 10, 2016, the author informs the Chairman of the Board of Directors of a bank about an addendum to the previous correspondence from the Governor of the Central Bank of Egypt regarding banks' inquiries on import controls. The addendum directs banks not to accept collection documents sent directly to clients from abroad, with certain exceptions. The author further requests the acceptance of shipping documents presented directly by clients related to meat, similar to the exceptions made for live birds and animals and air freight due to customs procedures and geographical distance for road freight.

Egypt

Central Bank of Egypt

Show thumbnail