The importation of ‘restricted’ goods requires a licence that must be applied for from Moftec or its local branches. Application for the licence is made to Moftec along with required supporting documents (and approvals, for certain technology import projects). Moftec then considers the application together with other relevant departments and responds within 30 days. If it grants approval, it issues a technology import/export licence letter of intent. The contract may then be signed.
After signing, a copy of the contract and other relevant documents are submitted to Moftec, which decides within 10 days (15 days for export) whether to issue a licence. Alternatively, these two steps can be combined by submitting a signed contract with the application for a licence. Moftec will then have 40 days to decide whether to approve and issue a licence. Two additional regulations, both effective from the start of this year, elaborate on this licensing procedure for exports and imports. These measures clarify the use of the registration certificate or licence, which is necessary to carry out foreign exchange, banking, tax, customs and other procedures for the contract. The same registration or licence procedures apply when a contract is changed or terminated.