Parliament approved Monday amendments to the Customs Act. The amendments would slash customs duties on capital goods and expand temporary exemptions for production inputs and packaging equipment, in addition to introducing provisions that aim to curb customs evasion. The sign-off came as the Finance Ministry finalised a new, long-planned draft Customs Act, which will be presented to the House at the start of the next legislative session, according to Finance Minister Mohamed Maiet. The amendments that just passed the House only affect two articles of the law, Maiet said.
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