Egypt retains export duty on stainless steel scrap for another year

The Egyptian Ministry of Investment and Foreign Trade has decided to continue the imposition of export duties on scrap and waste of stainless steel alloys classified in customs tariff item 7204.21, according to a statement released by the Egyptian Customs Administration.

Exceptions for investment projects in free zones

According to the decision, an export duty is imposed on the export of scrap and waste stainless steel alloys in the amount of 9,000 Egyptian pounds/ton ($189.47/mt). The measure will be valid for one year, starting from the day following the expiration date of the previous ministerial decision.

The Ministry stated that the duty does not apply to supplies destined for investment projects in free zones inside Egypt, limited to quantities approved by the competent authority responsible for investments and free zones.