The Arab Republic of Egypt enacted Law No. 207 of 2020, which
introduces a comprehensive Customs Law to govern the country's
trade and customs regulations. This new legislation aims to
streamline customs procedures, enhance administrative efficiency,
and align Egypt's customs practices with international
standards. The law covers various aspects of customs operations,
including permanent and temporary customs release, as well as
transit trade procedures.
Permanent and Temporary Customs Release:
The Customs Law provides detailed guidelines for the permanent
and temporary release of goods into the Egyptian market. Permanent
release refers to the clearance of goods for consumption within the
country, where the importer pays the applicable customs duties and
taxes. The law outlines the customs declaration process, cargo
inspection, and the determination of the customs value and origin
of the goods.