2017-07-04

Circular dated July 2, 2017 regarding confirmation of the adjustment period to pay the value of imports in accordance with the circular dated June 5, 2017.

In a letter dated July 2, 2017, addressed to the Chairman of the Board of Directors of a bank in Cairo, the writer refers to a previous letter dated June 5, 2017, which enclosed a ministerial decision regarding the mandatory payment of import duties exceeding $2,000 or its equivalent in foreign currency through recognized means of payment. The writer informs that the aforementioned ministerial decision has a grace period of three months from the date of the decision's issuance for implementation. The recipient is requested to take note of this grace period when applying the decision.

Egypt

Central Bank of Egypt

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