Egypt will establish an electronic system to track the goods received under the indirect transit system until the final release stage with the possibility of pre-clearance and payment of customs duties before the goods arrive, according to Minister of Finance Mohamed Maait.
The new e-system will also allow exchanging data between the Customs Authority and governmental authorities or any other foreign authority with which agreements have been concluded.
The new system will also allow the introduction of a comprehensive risk management system.
He explained in a statement that this leads to the release of the goods without detection or inspection via the green path, in accordance with the established controls, in order to simplify procedures and speed up customs release.
The minister pointed to the establishment of an electronic system for advanced information on goods before they are shipped from the export port to the Egyptian ports, which is scheduled to be launched experimentally next April, and mandatory next July, as we aim to establish a proactive method of performance instead of the traditional “reaction” policy.
