Turkey: Customs duty on sunflower oil imports zeroed

Published 2020년 11월 5일

Tridge summary

A presidential decree has temporarily exempted customs duty on sunflower seed imports for oil until June 30, 2021, with a small customs tax to be applied from July for imports from Bosnia and Herzegovina, Kosovo, and Singapore. Additionally, the customs tax rate for red lentil imports from certain countries has been reduced. This comes as the price of sunflower oil and red lentils have seen significant increases in Turkey.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

According to the Presidential decree published in the Official Gazette, the customs duty on sunflower seed imports for oil was zeroed for a certain period of time. According to the decision, no customs tax will be applied to this product group until June 30, 2021. In the decision, it was stated that the collective housing fund will also be applied as zero euro against net 100 kilograms. According to the presidential decision, the mass housing fund will be applied as 10 euro / 100 kg net for imports from Bosnia and Herzegovina, Kosovo and Singapore from 1 July. CUSTOMS DUTY HAS BEEN REDUCED ON THE IMPORT OF RED LENTILS The customs tax rate applied to some country groups in the import of red lentils was reduced from 19.3 percent to 9 percent. Customs duties on imports from Bosnia and Herzegovina (0 percent) and South Korea (5.2 percent) remained unchanged. As will be remembered, ...
Source: TRBloomberg

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