As known, it is required to submit an insurance policy to the customs, from which importation will be made for commodities received on FOB and C+F bases. In the case that there is no insurance policy, 3% of the C+F value is added to the tax assessment as insurance price. Since this increases the assessment, it affects both customs tax and the related VAT.
Due to this reason, our company carries out insurance activities on behalf of Zurich Sigorta Company in order to minimize your costs and loss of time. In addition to transportation insurance,