Temporary Importation
Take advantage of this import system to succeed in the world of international trade
"Temporary Importation "
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The concept of temporary importion
This system differs from the final release of the shipment, if the latter is where all fees are collected, but in the temporary permit, the import is conditionally exempted "temporarily" from collecting customs duties until it is re-exported after manufacturing or repairing it and giving it added value, whether exported outside the country or to one of the free zones.
This is based on a written declaration and the proper completion of certain procedures until the conditions are met and the import process is settled within a specified period so that the fees or the letter of guarantee booked with the bank can be refunded.
Mechanisms
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Holding legal samples of the goods at the time of release.
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Authorization of the concerned party to release under the provisions and rules of the temporary permit system.
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The release customs will notify the industrial control after the release to determine the specifications of the item of the final product, as well as the percentages of imported items included in the final product, as well as the percentage of waste.
Contact us to learn more about the right procedures for your company and the items to be released
What goods does this system apply to?
Importation under this system applies to the importation of raw materials and intermediate goods:
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Raw materials and intermediate goods with the intention of conducting manufacturing operations on them.
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Inputs for the production of exported goods.
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Items imported for the purpose of repairing or completing their manufacture and then re-exporting them.
The requirement that the imported goods are related to the company's activity according to the industrial registration certificate
[ Time limit and law ]
The deadline for re-exporting :
The exporter is obligated to export (whether abroad or to a free zone) or sell to exempted parties within a period of up to two years by a decision of the Minister of Finance or his representative.
Law :
The value for customs purposes of temporary allowance letters is assessed in accordance with the provisions of Articles 22 and 23 of the Customs Law, as amended, and the GATT Article VII Implementation Agreement, and in accordance with the procedures set forth in Minister of Finance Decree No. 765 of 2001.
Contact us now so we can help you learn more about the terms and conditions of importing with this system for maximum benefit.
Penalties for not exporting within the deadline
Taxes and duties are payable from the date of entry into the country, plus an additional tax, the percentage of which is determined according to whether the temporary clearance unit was notified before disposing of the goods or if the goods were disposed of without the approval of the central unit until the date of discovery of the incident.
In addition to the fulfillment of the import rules and the approval of the quality control authority for exports and imports.