Service Description:
A claim for an increase or decrease in foreign exchange transferred abroad and brought back for local use.
Service Documents:
Service Classifications:
1. Citizens
2. Businesses
3. Governmental bodies
Implementation Rate in Days:
3 working days.
Service Description:
A service provided to public governmental bodies to finance foreign trade activities - pertaining to supplies whose contracts require payment of the value via a documentary credit.
Service Documents:
1. Request to Open a Documentary Credit: Submitted by the governmental body requesting the opening of the credit.
2. Import License: Copy No. (4) of the valid import license, its substitute, or the document exempting the body from submitting the import license.
3. Supply Contract: A certified copy of the supply contract.
4. Proforma Invoice: A certified copy.
5. Copy of Allocation Decision: A copy of the foreign exchange allocation decision issued by the Presidency of the Council of Ministers.
6. Insurance Application: The insurance contract or application submitted to the Syrian General Insurance Corporation, if the terms of the contract cover the insurance expenses of the governmental body or agency requesting the opening of the credit.
7. Copy of Loan Agreement: If the credit is covered by a loan.
Service Fees:
1. Commission for Opening a Credit: 1000 SYP. A commission of 2 per thousand for every 3 months (with a minimum of 1000 SYP).
2. 0.75 per thousand for each subsequent month (with a minimum of 1000 SYP).
3. Postage Fees: 400 SYP for domestic mail, 400 SYP for mail to Arab countries, and 800 SYP for mail to foreign countries.
4. SWIFT Fees: 500 SYP per page or its equivalent.
Requirements:
1. The credit must be opened in foreign currencies.
2. Before the request reaches the Credits Department, confirmation of the availability of an allocation for foreign currencies must be obtained from the Monetary Control Department. Additionally, the correspondent bank to be dealt with must be determined by the Back Office section of the Directorate of Banking Operations.
Service Classifications:
1. Businesses
2. Governmental bodies
Implementation Rate in Days:
3 working days.
Service Description:
If there are reasons that prevent the importer from obtaining the customs certificate on time, the importer shall submit, through the relevant bank, an official request to the Directorate of Foreign Relations to extend the period for submitting the customs certificate.
Requirements:
Documents justifying the reasons for the extension.
Service Classifications:
Businesses.
Service Description:
Collection of a fine (beginning of settlement) for violations committed by customs secretariats regarding entry data for consumption.
Service Documents:
1. Import License: Copy No. 3 relevant to the applicant.
2. Issue Note: Issued by customs, which may be a certified copy or original document.
3. Letter from Customs: Notifying the collection of the fine stated on the issue note.
4. Copy of Customs Declaration: Issued by customs.
Service Fees:
1. Fees: 30% of the fine if the violation amount is less than 200,000 SYP.
2. Fees: 35% of the fine if the violation amount is more than 200,000 SYP.
Service Classifications:
1. Citizens
2. Businesses
3. Governmental bodies
Implementation Rate in Days:
1 working day.
Service Description:
If the importer submits the customs certificate later than the date specified for submission to the relevant bank, the bank will submit a request to release the insurance amount for financing imports to the Directorate of Foreign Relations.
Service Documents:
1. Written request: An official request from the bank stating the importer's name, the value of the original documents in foreign currencies, and the approved exchange rate/calculation of the provisions.
2. Copy of a Customs Certificate: A copy of the customs certificate stamped with the seal of the licensed bank and bearing the phrase "the original is with us".
Service Classifications:
1. Businesses
2. Governmental bodies
Implementation Rate in Days:
3 working days.
