The Council of Ministers imposed a certain amount of additional financial liability as a protection measure for 3 years in the importation of Iranian-origin nylon threads. ANKARA - The Council of Ministers imposed a certain amount of additional financial liability as a protection measure for 3 years in the importation of Iranian-origin yarns of nylon or other polyamides (not exceeding 50 single layers each). The Council of Ministers Decision on the subject was published in today's issue of the Official Gazette. Accordingly, the Decision covers the procedures and principles regarding the safeguard measure taken as a result of the safeguard measure investigation carried out in the importation of Iranian nylon yarn within the framework of the Decree on Protection Measures in Import, which was put into effect with the Council of Ministers Decision No. 2004/7305 dated 10 May 2004. According to the decision, in the importation of Iranian-origin nylon threads of nylon or other polyamides (one layer not exceeding 50 pieces each) classified under the Customs Tariff Position "5402.31", additional financial liability will be applied as a safeguard measure for 3 years. The additional financial liability will be $ 1,225 per kilogram gross between August 10, 2012 and August 9, 2013, $ 1.20 per kilogram gross between August 10, 2013 and August 9, 2014, and $ 1,175 per kilogram gross between August 10, 2014 and August 9, 2015. implementation has been decided.

• The additional financial obligation will be collected separately from the customs taxes and other financial obligations collected by the customs administrations and will be recorded as revenue in the general budget. In the collection of the additional financial liability, the Law No. 6183 on the Procedure for Collection of Public Receivables will be applied.
• The provisions of the Customs Law No. 4458 and other relevant customs legislation regarding the procedure and form regarding the registration, accrual, collection, return, follow-up and guarantee of customs duty, registration, accrual, collection, return, follow-up of the additional financial obligation to be applied as a safeguard measure. It will also be applied in the process of being bound to the guarantee.

Without prejudice to the provisions of other legislation, those who carry out import transactions without fulfilling additional financial obligations will be fined twice the additional financial obligation under the Law No. 2976 on the Regulation of Foreign Trade. The decision will take effect on August 10, 2012.