In October, permits for the inward processing regime were granted to an additional 604 companies

The lists of permits canceled for inward processing, domestic sales and delivery, and outward processing for the month of October, based on company requests, were published in the Official Gazette by the Ministry of Trade.

Accordingly, in October, permits for inward processing were issued to 604 companies, along with 1 permit for outward processing and 12 permits for domestic sales and delivery.

Additionally, 25 inward processing permits were canceled upon the request of the companies.

What is the inward processing regime?

Inward Processing is an export incentive system by which companies engaged in exports can obtain customs duty exemption for imported raw materials or inputs necessary for the production of export products.