Alexandria Customs Authority collects EGP 1.7bn in taxes on imported vehicles

The value of taxes and customs fees on imported vehicles collected by the Alexandria Customs Authority hit 1.7 billion pounds in September, the finance ministry said in a statement on Wednesday.

The number of imported cars that were cleared by the Customs Authority after paying customs fees reached 10,800, and their estimated value exceeded 2.829 billion pounds. Their paid customs fees and value-added tax (VAT) amounted to 1.108 billion pounds.

Also, as many as 1,028 imported trucks, microbuses and motorbikes were cleared by the Customs Authority. Their collected customs fees reached roughly 280 million pounds.

Source: MENA