Customs confuses automobile market calculations

The state approved December a 10% reduction in the current customs value according to the European partnership agreement signed by Egypt with the European Union (EU) in 2008 and applied in 2009. The agreement provided for a reduction in the customs value on products of European origin, deducted from the actual customs value for that year.

Automobile sector workers were surprised at the beginning of 2015 to find new calculations applied under the name “pilot price”. It implies the rejection of prices offered by the company importing automobiles, whether agents, dealers, or even personal importers. The only prices accepted are those defined by customs, which has led to confusion within the sector, and many vehicles remain in the customs hangar.