The export price transactions carried out by persons resident in Turkey have been announced decision subject areas. Briefly; selling 80% amount of exported goods to a bank in Turkey became mandatory. The time allowed for this process is 180 days. The exporters cannot keep foreign currency that they earned from exporing more than 180 days.
In the decision, the principles of the issuance of the foreign exchange or prefinance provisions of the foreign exchange amount (export price) obtained from the exportation are explained. Also, the duration of the dormitories for the leased goods and the leased goods by the contracting companies, are separately specified.
Types of Moving Export Price to Domestic Country:
-Exports made in this way must be carried out within 24 months. This includes the documents which the companies believe will help them extend the period (eg: Inland Business Permit). So 24 months is the maximum time in all conditions.
-Prepayments which are not returned at all or are not issued in due time shall be subject to prefinancing provisions. If the export contracting period is extended, the period of bringing the export cost to the country is extended.
Exports made in this way are required to be sold to the bank within 365 days and sold to the bank.
-In this case, the export price must be sold to a bank within 90 days after the sale of the goods or within the additional period within the given period and within the additional period.
-In this case, the export price obtained must be sold to a bank within 90 days following the maturity dates specified in the loan sale or lease agreement.
-Exporters are responsible for selling the export price to banks and closing the export account at the bank and banks are responsible for following these transactions.
-In different cases, the Ministry of Treasury and Finance shall determine.
-According to the decision, the act of offsetting the export price is possible. Foreign exchange buying and selling documents are issued for the amounts deducted as a result of criteria or approval of Ministry.
-Foreign currency transfer requests are examined and concluded by banks in accordance with the provisions regarding the deduction of some expenses (insurance premium, commission, storage, warehouse etc. or export related transportation, preservation, maintenance etc.) from export price or invisible transactions.
In cases where weighing and analysis conditions are required, the debts (appraisal and arbitration fee, quality difference, etc.) determined by weighing and analysis shall be examined and concluded by banks.
Other conditions that may be deducted by the banks within the period of the payment period brought by the banks within the period of the payment:
Any claims other than those stated above shall be examined and concluded by the Ministry of Treasury and Finance. In cases where permitted, the export fee shall be deemed to have been returned to the country within the term.
As a result of the permission granted by the Ministry, the foreign exchange purchase documents are issued at the exchange rate prevailing at the date of offsetting for the part subject to the offsetting.
1- Acceptable force majeure conditions;
In case of not exceeding USD 100.000 or equivalent, as per each customs declaration;
In case of not exceeding USD 200.000 or equivalent, as per each customs declaration;