Turkey lowered the import duty on Ukrainian nuts from 43% to 15%
From January 1, 2018, the Turkish Republic lowered the import duty for Ukrainian walnuts from 43% to 15%. The value of the basic customs value, which was approved on September 23, 2017 (look the article on our web-site “The rise in the import duty of walnuts in Turkey by 94% from September 23, 2017”), remains unchanged at 3.5$ for in-shell walnuts and 6.5$ for walnut kernels. The customs clearance rate now stands at 15% of the greater: “contract value of the goods” or “basic customs value”.
That is: let’s say, in-shell walnuts are exported from Ukraine for the price 1.79$/kg “CIF Turkey, Istanbul”
- From January 1, 2018, the import duty is: 3.5$ (the basic customs value, because 3.5$ is more than the contract value of the goods 1.79$) * 15% = 0.53$, that is, the walnut price with the customs clearance in Turkey will be 2.32$/kg (1.79$ the walnut price + 0.53$ the import duty).
- By January 1, 2018, the import duty on this same lot would be: 3.5$ (the basic customs value) * 43% = 1.51$. The cost of 1 kg of walnut with allowance for the customs clearance was 3.30$/kg (1.79$ the walnut price + 1.51$ the import duty).
Thus, the cost of 1 kg of in-shell walnuts at the customs clearance in Turkey decreased by 0.98$ or 42.2%.
Reducing of import duties loweres the tax burden for Turkish walnut buyers and provides the opportunity to purchase a quality Ukrainian product at more affordable prices.
We invite buyers from Turkey to cooperate!
Our company has a practical experience in supplying goods to Turkey with a full production cycle – product preparation, customs clearance, delivery organization. Read the feedback from Rempa company, which learnt about the excellent quality of our service and products by its own experience. Horus Group is a reliable partner. We guarantee transparent terms of cooperation, high quality of goods and an individual approach to work with each customer.
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