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Payment orders of tax-free car import initiative hit $307mln

Total value of payment orders issued for Egyptians residing abroad until March 20 amounted to $307 million, Minister of Finance Mohamed Maait revealed on March 22nd.

Moreover, Maait said that 450 imported cars were released for the benefit of Egyptians abroad with facilitated controls.

The validity of the approval of shipping and importing cars has been extended to five years from a year as per the recent legislative amendments, he said.

Source: www.zawya.com

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