COMPLETING TIEP-I FORM

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Inward Processing

COMPLETING FORM TIEP-I

The Scheme for ENTREPOT TRADE provides for the import of goods and re-export to a third party without having to pay Customs Duty and levies in Sri Lanka.

The scheme permits

  • Import of goods without import control license
  • Meeting of buyer's requirements by simple processing such as re-packing or re-labeling etc.,
  • Switching of Bills of Lading changing the status to transshipment to divert the cargo to a consignee in a third country on a request made by the original consignee in Sri Lanka to the shipping agent/airline etc., etc.,

Name & Address of Applicant

Name and the registered address of the exporter company/business who wish to obtain facilities available under Inward Processing Scheme for export of goods. An exporter can be a company duly incorporated in Sri Lanka, a business registered with the Registrar of Businesses.

Telephone number and the fax number of the registered address to be entered at the relevant space allocated.

Date (YY/MM/DD)

Date of the application. On which the application was signed by the applicant.

TIN No.

Tax Payer Identification Number (TIN) obtained from the Department of Inland Revenue.

Approval Number

This box is filled by Customs with the serial number assigned to the application when the approval is granted.  Therefore there could be several approval numbers for a given exporter within an year, if more than one application is made for approval.

Customs Ref. Number

A Customs Reference Number is allocated when an exporter is first registered with Customs and the reference number uniquely identifies the exporter and has perpetual succession.

Address of Workshop/Factory

The address of the location where goods are stored for processing and the production is carried out.
Telephone number and the fax number of the workshop/factory to be entered at the relevant space allocated.

Type of Operation

Manufacturer cum Exporter

Click this box if the manufacturer is also the exporter of the goods.

Manufacturer cum Indirect Exporter

Click this box if the manufacturer is not the final exporter of the goods.

EXPORT

Export/Manufactured Product

The commercial description of the product(s) exported.

H.S. Number

Commodity code(s) of the export/manufactured product according the Harmonized System for Commodity Classification.

Unit of Productions

Unit of quantity in which the production is usually manufactured and accounted for. For example if the export product is coconut oil, the Unit is kilogram and if the product is brushes then the Unit is units/pieces.

Unit Price FOB

The estimated export price of one Unit of Product without the freight and insurance charges.

Annual Output

Total estimated volume of production within the year of approval in the unit of production entered above. For  example if the Unit of Production is Liter, then the Annual Output is something like 1,000,000 Liters.

Annual Output Value (Rs)

The total estimated value of the annual output in Sri Lankan Rupees
Annual Output Value = Unit Price FOB * Annual Output

IMPORT

Item No.

Serial number of the item to be imported, such as 01, 02, ... etc.

Description of import items
Commercial description of the items intended to be imported for the manufacture the export product. Each item has to be listed against the respective Item No. If the space is not sufficient, then a separate sheet of paper has to be used.

Conversion Ratio

Conversion Ratio is the quantity required for the manufacture of a unit of the export product.

For example: in the case of manufacturing carton boxes from 31"x43" box boards and one such board yields 6 cartons, then the conversion ratio is 1:6.

These conversion ratios need approval from the Ministry of Industry and Commerce and thereby the determination of the resultant wastage factor.

H.S Number

Commodity code of the item intended to be imported according the Harmonized System for Commodity Classification.

Annual Quantity Kg/Units

Estimated quantity of each item required for the production in the year of approval. The quantity is to be entered either in Kilograms or Units.

Total value per year(Rs.)

Estimated value of each item required for the production in the year of approval. The value is to be entered in Sri Lankan Rupees.

Total value per year

Total value of all the items required for the production in the year of approval in Sri Lankan Rupees.

UNDERTAKING

1.    I/we under signed apply for duty and tax free clearance of above mentioned items and declare that I/we do not operate under any other scheme for duty and tax free clearance of items for the same product.
2. If approval is granted to import the above mentioned item duty free and tax free, I /We agree to abide by the items and conditions and the Rule governing the scheme.
3. I/We declare that the particulars given herein are true & correct.
I/We request clearance on

100% Bank Guarantee

25% Bank & 75% Exporter Guarantee Exporter Guarantee Name of Authorized Signature    …………………………………………………………….
Designation    ………………………………………………………...
Signature    ………………………………………………………….

CERTIFICATE

Approval is hereby granted to operate under the scheme in terms of the terms conditions and the rules governing the scheme.
We approve duty free clearance of the ………………………. above items.
………………………………..Items amended overleaf, subject to conditions governing the scheme. We recommended clearances under

100% Bank Guarantee

25% Bank &75% Exporter Guarantee 

Exporter Guarantee

…………………………………     …………………………
Designation Signature
For Director General
Date………………………… Of Customs

Export Facilitation Unit,
1st Floor, Sri Lanka Customs,
Colombo 11.