Additional Customs Duty Is Imposed On More Than 400 Products

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Erdem & Erdem Law
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The rate of additional customs duty is specified in Annex-1 and Annex-2 enclosed to the Decree.
Turkey International Law
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Through the promulgation of the Additional President Decision to Import Regime Decision No. 2514 ("Decree"), published in the Official Gazette dated 11th May 2020 and No. 31124 (repeated), additional customs duty is imposed on several products (more than 400), including agricultural devices, machines, jewelry, white goods, musical instruments and sports equipment.

The rate of additional customs duty is specified in Annex-1 and Annex-2 enclosed to the Decree.

In accordance with the Decree, additional customs duty will be collected separately from the import duties & other financial obligations and will be registered as revenue within the scope of the general budget.

You may kindly find the full text of the Decree here.

Originally published 11 May 2020

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

Additional Customs Duty Is Imposed On More Than 400 Products

Turkey International Law
Contributor
Erdem & Erdem Law logo
Erdem & Erdem provides practical business solutions to a diverse range of clients in all areas of law particularly in cross-border business transactions, M&As, corporate restructuring, international contracts, corporate finance, project finance, energy, privatizations, PPPs, private equity investments, capital markets, competition and antitrust, litigation, execution and bankruptcy, international arbitration etc.
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