Refund of Temporary Release Guarantees
Temporary Release Refund is an important export incentive to exempt industrial activity from the payment of customs duties and taxes due on imported production supplies necessary for the manufacture of products exported abroad, within a specified period of time to provide a guarantee to the Customs Authority after export in accordance with Customs regulations and regulations.
At SMA EGYPT, we take on the responsibility of representing your factory before the relevant authorities to facilitate the process of refunding Temporary Release guarantees. We conduct a comprehensive, detailed field study of your production process using modern software. We identify production inputs and outputs, then coordinate with the Industrial Control Authority to determine usage rates, wastage, and losses in your industry to ensure detailed and clear data is presented to the authorities. This is followed by completing the required customs procedures and settling the guarantees with the Customs Authority for their refund. Our extensive experience makes the process of refunding guarantees smooth and swift.
Our services focus on analyzing and evaluating documents and information to ensure full entitlement to refunds in the shortest possible time. We handle all necessary procedures, from submitting applications and communicating with relevant authorities to providing comprehensive expertise. This service aims to alleviate the financial burdens associated with the manufacturing process, thereby increasing the profitability of your business.
SMA EGYPT is your best partner for Temporary Release guarantee refunds, thanks to its extensive experience in settlements and its commitment to ensuring that the refund process adheres to customs regulations and controls, enhancing the profitability and competitiveness of your factory.
Temporary admission guarantee refund service includes:
- Field Study: Conducting a detailed field study of the production process and all products and production inputs.
- Customs Systems Identification: Identifying the appropriate customs systems for the nature of the activity.
- Issuing Letters: Obtaining letters from the Industrial Control Authority for the industrial process.
- Customs Procedures: Completing all customs procedures related to the refund process.
- Settlement Procedures: Finalizing settlement procedures in accordance with customs regulations and legislation.
- Committee Follow-up: Attending and monitoring all committees related to the review of the settlement after responses.
- Ongoing Monitoring: Continuously monitoring the bookkeeping balances of production inputs.
- Reporting: Sending periodic reports and data.