Ghatouri continued that those who want to withdraw the money transferred from their account to the Finance Ministry, and exit from the initiative after a year from the date of import approval, can apply on the electronic platform. They will then obtain it at the exchange rate at the time of recovery within three months, he added. This is in order to obtain import approval, and complete the rest of the necessary procedures to import their cars. The validity of the “import approval” for shipping and importing cars extends to five years, he explained, and that the reduced customs tax is valid throughout the period of validity of the “import approval”. The first owner has the right to import the car without being bound by the year of manufacture, he added.
