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Tuesday, 26 April 2016

Egyptian Customs Authority imposes indicative pricing on Isuzu car imports

The Egyptian Customs Authority (ECA) is imposing indicative pricing on imported Isuzu cars to end what it claims are discrepancies between import declarations and sale prices, Daily News Egypt reported. The cars are indexed into three categories: USD 12,000, USD 13,000, and USD 15,000. The new prices came after General Motors Egypt filed a complaint against a USD 6,000 discrepancy between the import and sale value of Isuzu cars. As did BMW and Mercedes Benz last year, the company is reportedly filing a complaint with the Finance Ministry, claiming the ECA does not have the authority to force it to liquidate stock at set prices. (Read)

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