Frequently Asked Questions
1- Can the Payment for Goods be Made on Behalf of the Manufacturer?
No. We specifically require that advance payments be sent to the account of Vermilion Dış Ticaret Limited Şirketi, which is the direct exporter. This is crucial to avoid financial risk for both our company and the companies we mediate, as well as for the legal procedures mandated by the government. Once the advance payment arrives in our account, we have three options:
I. Refund the amount by confirming with the manufacturer.
II. Request a correction message via the bank, obtaining a message from the sender confirming the actual beneficiary is the manufacturer.
III. Keep an amount equivalent to the advance payment (usually from VAT refund) blocked until the export occurs.
2-Is It Mandatory to Conduct a Purchase Transaction on Part of the Payment for Goods?
According to the Notification on the Decree No. 32 on the Protection of the Value of Turkish Currency (regarding Export Revenues) published on 04.09.2018, it is required that all payment amounts for actual exports be brought into the country and 80% be tied to a Foreign Currency Purchase Document. Failure to comply may result in legal fines.
3- To Which Account Will the Export Payment Be Sent?
The importer (abroad) must send the entire payment for the goods to the exporter’s account.
4- How Will We Carry Out Customs Procedures Both Domestically and Internationally?
We have a contract with a customs agent in Turkey. Necessary import and export documents will be prepared, and you will be informed for both domestic and international customs procedures. We also have partner customs agents abroad. Once the vehicle is on the road, the customs agent may ask you to sign a contract for authorization. Additionally, companies need to activate their EORI number. As the vehicle approaches, the customs agent abroad will contact you to inform you about the tax payment for the goods. After the tax payment is made, the vehicle will be released.
5- What Is the Customs Tax Rate?
In the importing country, VAT is calculated based on the rate determined for the product. Additionally, the rate varies for companies and individuals. In the European region, VAT can be based on up to 45% depending on the product type. The payment must be sent to the state revenue administration by the BUYER upon the entry of the product into the country. Even if it is 0%, there will still be minimum customs tax costs.
You can find your tax rate by entering the GTIP and country of origin in the following link:
EU Taxation and Customs
6- Is There a Transportation Service? How Many Days Is the Delivery Time?
The freight value is calculated based on the type of goods, weight, length, or M3, and presented to you. After your approval of the offer, delivery will occur within 7-10 days after the vehicle is loaded by our transport company.