Egypt is a potential market for the export of agricultural products by Vietnamese businesses. However, many businesses still lack information about this market, which creates difficulties in accessing and exporting products. To help businesses effectively understand this market, H-Cargo will share important notes on exporting agricultural products to Egypt.
I. Regulations on the ACID declaration by Egypt customs 1. What is ACID? The significance of the ACID declaration
Since October 1, 2021, Egypt has implemented a single-window electronic customs clearance system (ACI). All imported cargo into Egypt requires the importers to declare the cargo information before the cargo is loaded onto the ship, at least 48 hours in advance.
This system requires importers to submit all necessary transportation documents and transaction data (customs duties, import controls, port entry, etc.) through an online "electronic portal" to facilitate the smooth release of cargo from ports in Egypt.
The late ACID declaration will result in refusal to load the cargo onto the ship or return them to the place of export.
2. Information required by shipping lines before loading the cargo:
Exporters and importers are required to provide the following information to the shipping lines:
ACID number (provided by the importer)
Export ID (provided by the exporter)
Import ID (provided by the importer)
To obtain this information, Vietnamese exporters need to:
Step 1: Create a CargoX account (**https://cargox.digital/create-an-account**)
Step 2: Register the cargo information in the Egypt customs system to receive the ACID number. The exporter provides the company information and cargo information to the importer. The importer will register the cargo with the Egypt customs authority (NAFEZA) using the exporter's company information. After successful registration, the exporter will receive a confirmation email with the ACID number. Read more at: https://cargox.help/hc/en-us/articles/7534373790097-Process-of-acquiring-the-ACID-numbe
Step 3: Provide the information (ACID number, Export ID, Import ID) to the shipping lines.
Exporting businesses need to provide complete information to the shipping lines for system updates and inclusion of this information on the Bill of Lading.
Step 4: Exporting businesses transmit the documents to CargoX and send them to Egypt customs.
Note:
Each document must be uploaded as a separate file on the CargoX platform, and the document type must be accurately specified. Combining multiple documents into one file is prohibited.
All required document contents must have an ACID number.
For commercial invoices, businesses must fill in the form specified by the Egypt customs.
Refer to the document form regulations here: (https://bom.so/pp7FBN)
II. Key points to note when exporting to Egypt
1. Required customs documents in Egypt:
To have an imported batch of cargo accepted by Egypt Customs, the following documents are required:
Commercial Invoice
Certificate of Origin
Packing list
Bill of Lading
Proforma Invoice
Letter of Credit
Analysis of the Commodity (mandatory for products that may require standard testing)
Inspection and quality control certificates (if any)
2. Letters of Credit:
On February 22, 2022, the Central Bank of Egypt (CBE) implemented a new requirement indicating that Egypt will only accept Letters of Credit (LC) for import activities. An exception applies to multinational companies, branches, and subsidiaries of multinational companies in Egypt.
This is all the information that H-Cargo wants to share. Hopefully, this information will help businesses gain a better understanding of the regulations and requirements of the Egypt market. If you have any questions or need assistance with information, please feel free to contact us for a free consultation.
Here is all the information that H-Cargo wants to share. We hope that this information will help businesses understand the regulations and requirements of the Egyptian market better. If your company has any questions or needs assistance with the information, please contact us for free consultation.
Hotline: +84 377 080 567 ( Mr. Sky) Email: sky.le@hcargovn.com
Comments