Foreign Exchange: All foreign currency, all kinds of bonds, checks, policies, letters of credit, remittances and similar assets that are valid for international payments. Money in the form of cash is called “foreign currency” for those who are in the form of any “effective”, cash-convertible instrument (bank transfer, payment order, foreign exchange policies, deposit certificates, travel checks, etc.).
Foreign exchange is a word that can be expressed in various ways. The Turkish Currency Protection Law expresses the foreign currency as any account, document and tool that allows to pay foreign currency, including effective.
Foreign Exchange: Foreign exchange is the process of replacing documents that replace money or money. Foreign exchange bills, on the other hand, are the bills which are arranged to be paid in foreign currency and used in international trade. It covers transactions related to buying and selling money. The bill of exchange is the most common type of valuable paper that has all the features of the valuable paper and is used in practice. It is specially regulated in the Turkish Commercial Code because of its importance, which is regulated in writing to the order, which is the subject that it will definitely receive a money in terms of the rights they contain, and which has many transactions and effects in the economic field.
While the exchange is the purchase and sale of all kinds of instruments and bills that replace cash or money, the exchange regarding the circulation of national and foreign currencies; All kinds of bonds, checks, policies and other securities that can replace money and can be used as payment instruments.
Foreign Exchange Legislation: All of the legal texts that regulate the procedures and principles regarding the circulation of money and other securities and minerals and stones in the domestic market and the export or import from the country are called Foreign Exchange Legislation.
FOB (Free On Board): It means that the seller’s delivery obligation is fulfilled by transferring the goods to the shipboard at the specified loading port.
CIF (Cost, Insurance, Freight): It means that the seller has an obligation to provide maritime insurance against the risk of loss and damage of goods, as well as the cost and freight.
CFR (Cost And Freight): It means the seller pays the costs and the freight cost required to transport the goods subject to the specified destination.
Convertible Currencies: Currencies that are accepted by all countries in the international money markets and therefore have the opportunity to be freely converted to another country’s currency.
Foreign Exchange Purchase Document (DAB): It is the document issued while the purchase of export fees and bank commissions requested by the exporter’s bank.
Foreign Exchange Selling Document (DSB): Import fees paid abroad, commissions of intermediary broker, commissions requested by correspondent branches of the bank in the country, etc. It is called the document issued for.
Foreign Exchange Deposits Account (DTH): Foreign currency or effects that are made in the free savings of real or legal persons residing abroad or domestically are deposit accounts opened by banks or private financial institutions. The use of currencies in these accounts is free.
Customs: It is defined as the place where control and surveillance of commercial movements are carried out at the entrance and exit of a country. In other words, it is the place where customs procedures are carried out when going abroad or returning from abroad. The following sections that concern the most important part of customs transactions, which concern the foreign trade transactions, gain importance.
Customs tariff: It is one of the oldest and most used tools of foreign economic policy. In the definition, customs are taxes and duties that are paid when a certain goods cross the customs border. The tariff, on the other hand, is the lists that determine the taxes applied to all goods that are subject to international trade. Customs taxes are calculated according to the tariff in force at the time of the customs duty.
The customs value of the goods: The customs value of the goods is the value determined within the framework of the Customs Law and the provisions of the Customs Regulations for the implementation of non-tariff regulations on certain issues related to the trade of goods. The customs value statement of imported goods indicates the value of the goods that will constitute the basis for the calculation of the customs tax according to the advalorem system on the imported goods.
Brand: A brand is a name, term, word, symbol (symbol), design (design), sign, shape, color or various components thereof, which are used to identify, promote and differentiate the goods and services of one or a group of manufacturers and sellers.
Free Zone: Free zones are regions that are located within the political boundaries of the country in which they are located but are considered outside the customs line in terms of Foreign Trade, Tax and Customs Legislation. Wider exemptions and incentives are granted for industrial and commercial activities in free zones than those provided in the country. free zones in Turkey, Turkey Although free zones are part of the Customs Territory;
– is not subject to any customs regime not in free circulation; customs duty, trade and camb