Published On: Tue, Oct 2nd, 2018

Turkey brings additional fiscal liability for iron and steel imports

The declaration of the Ministry of Commerce on 20 August 2018, regarding 25 percent additional fiscal liability for iron and steel imports from countries other than developing countries was converted into presidential decree.

According to the Presidential decree published in the Official Gazette, an additional financial obligation of 25 percent was brought in in importation of finished products, long products, pipes and profiles, stainless steel and railway and tramway materials, 200 days to be valid.

In the same arrangement, 518 thousand 803 tons tariff quota to be exempt from this additional financial liability separately for each product group, was opened for imports from developing countries.

The quantities of general tariff quota was determined as follows:

3 million 117 thousand tons for flat products
558 thousand 534 tons for long products,
273 thousand 901 tons for pipes and hollow profiles
139 thousand 934 tons for stainless steel
and 27 thousand 44 tons for railway and tram line materials

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