The Ministry of Treasury and Finance’s letter dated 03.03.2022 amended Article 30 of the Export Circular, entitled “Export Proceeds Acceptance Certificate”.

A Amendment was made to the Export Circular on IBKB Regulation.

With the Ministry of Treasury and Finance's letter dated 03.03.2022, the Export Circular "Export Price Acceptance CertificateThe 30th article titled "has been amended.

As is known, the period in which export prices are brought home is 180 days from the actual export date. In the event that the export account cannot be closed within the period, including additional periods, the open account amount is reported to the relevant Tax Office or the Tax Office Directorate in accordance with the form in the Export Circular Appendix:1 within 5 business days by the broker. The disclosure part of the form in question is written in detail how much of the export price is attached to the IBKB. A 90-day notice is sent by the Heads of the Tax Office or the Heads of the Tax Office to the interested persons for closure of the export account within 10 business days from the notice. Within this notice period, exporters must close the export account or document the state of force majeure or the just situation to the relevant Tax Office or Tax Office Directorate.

On the other hand, when the export price came after legal deadlines, when exporters wanted to link it to the Export Price Acceptance Certificate (IBKB), they were able to have problems because legal deadlines had passed.

In order to address these problems, Ministry of Treasury and Finance With his article dated 03.03.2022, the following (d) paragraph was added to the 30th article entitled "Export Price Acceptance Certificate".

Accordingly, The IBKB may also be issued after notice, notice, and additional periods are over..

Newly Added Paragraph:

d) Considering the date on which the IBKB/DAB was organized and the information and documents presented by the exporter, the disclosure section of the IBKB/DAB should be stated as follows: "It is arranged within the period of delivery and/or notice.", "It is arranged within the period of notice." or "It is arranged within the period of notice." or "It is regulated after the expiration of the notice, notice, notice, and additional periods.

 To reach the Export Circular in question click here.

For detailed information

General Directorate of Operations of TCMB

Telephone : (0312) 507 74 81 / 74 77 / 70 80 E-Mail : dki@tcmb.gov.tr