Temporary Importation For Export Processing
When manufacturing export goods, inputs are sourced from various sources. Therefore, the manufacturers have to make a significant contribution to import duties and taxes.
Temporary Importation for Export Processing scheme enables exporters to be relieved from the payment of import duties and taxes and import inputs without payment of Fiscal Levies. TIEP is beneficial for businesses across various industries. It enhances the competitiveness of export production and encourages the expansion of production while also enabling manufacturers to produce at a lower cost. Particularly Temporary Importation for Export Processing facilitates the small and medium scale businesses to enhance their productivity.
Direct exporters such as manufacturers who produce for exports and indirect exporters who manufacture goods as an input for other export goods are eligible to be applied for Temporary Importation for Export Processing.