With ever-increasing technological progresses and innovations, on one hand almost every day some new products appear in while some others slowly disappear from the global trade and, on the other, new international and national legislation are introduced in regard to production, imports, exports, market supply, use, disposal, etc. of such products.
One of the results of incorrect or incomplete customs declaration due to not following or misinterpreting the newly introduced legislation is sometimes payment of customs duties, taxes and other charges above or below the actual amounts that must be legally paid, and sometimes, more crucially, delay in the clearance of goods for days or weeks, even perhaps non-importation or non-exportation thereof at all. Plus, if there is a loss in duties and charges to be paid, additional assessments and respective fines and, in case of false declaration, even imprisonment might be imposed.
For conformity of your customs and trade activities with such legislation not only for today but also for the future, with a perspective of creating new opportunities and sustainable competitiveness with minimum risks and costs in shortest time, we provide you with our consultancy services based on our experience of almost 40 years at national and international level.
Consultancy on Customs Legislation and Procedures
The basis of the implementation of trade policy instruments such as prohibitions, restrictions and safeguard measures and imposition of import or export duties, taxes and other charges is the tariff position where the goods are classified in customs tariffs.
Origin of goods is the main element for the implementation of the provisions of various agreements of the World Trade Organization, bilateral or multilateral preferential or free trade agreements, EU-Turkey customs union and trade policy instruments such as anti-dumping or countervailing duties.
Turkey – EU Customs Union is based upon the principle of “free circulation”. Goods accompanied by the free circulation documents complying with respective provisions of that principle are not subject to customs duties when imported in Turkey or the EU.
Conformity of origin and free circulation documents with the designated rules and regulations will certainly facilitate and expedite customs procedures.
Customs value of goods is taken as the basis for customs duties, taxes and other charges to be calculated by the customs, trade policy instruments such as antidumping or countervailing duties and safeguard measures and sometimes origin rules. It will be appropriate to pay special attention to royalty and licence paymets and transfer pricing issues while determining the value of goods for customs purposes.
Consultancy on Trade legislation and Procedures
What is most important for importers is the delivery of finished products to consumers and of raw materials or intermediate products to manufacturers as soon as possible. This will be possible if the import procedures are in compliance with the legislative provisions regarding import regime.
Customs duties, taxes and other charges to be collected in the context of import regime will be playing an important role in determining the price of goods to be supplied to manufacturers or consumers.
However, if the goods to be imported have been taken under trade policy measures such as anti dumping, anti subsidy or safeguard procedures, duties and charges must be calculated under the respective circumstances.
For exporters, perhaps the most important part of their business is to collect the money against their products as soon as possible. This will be possible depending upon the contract he or she concluded with the buyer and upon the conformity of his or her export procedures with the provisions regarding the export regime.
Inward processing regime regulates the importation, with world market prices, of raw materials, intermediate products and packaging goods required for the production of export products but not available in internal market with competitive prices and/or qualities, without subjecting them to customs duties and trade policy measures.
Outward processing regime provides for the temporary exportation of the goods in free circulation for processing, repair or renovation and for the entry of returning goods in free circulation with total or partial relief from customs duties.
Sales Contracts in international trade are expected to bear the general provisions established under the relevant United Nation’s international convention, but importers/exporters are adviced to pay particular attention to the special provisions to be included in those contracts.
