Algeria News & Events, Latest News for Algeria

Update: Monday, 14 April 2008    

A double increase in iron exporters’ number

Exporters with pseudonyms and rented registers
Tuesday Jul 03 2007.

Officials of both Ministry of commerce and Customs General Office counted more than 100 metal scraps exporters all over the country since regaining the activity; noting, thus, a sudden increase in their number used to be 60 exporters 10 days ago.

El Khabar sources said that this sudden rise is owed to the fact that many convicted exporters of fraud and tax evasion rent commerce registers whose owners have never been subject of prosecutions, and use them with pseudonyms.

The same sources underlined that a collaborative operation is led between Customs, Banks and Ministry of commerce in cooperation with Exporters Club to set a national card for metal scraps exporters before the upcoming September.

On another side banks has received tough orders in terms of refusing to make official any bill belonging to exporters who do not respect collecting hard currency deadlines (120 days). Banks have been ordered however to lodge complaint against those exporters and take them to court.

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