Minister: Graniser unfairly obtains TL 1.4 mln in incentives

May 14, 2012, Monday/ 14:56:00/ TODAY'S ZAMAN

The İzmir-based graniser Granite and Ceramic Ind. Trade Co. has received tl 1.4 million in incentives from the turquality incentive program through the submission of misleading documents, Economy Minister Zafer çağlayan announced on Monday.

Responding to a parliamentary question posed by Republican People's Party (CHP) İzmir deputy Oğuz Oyan, Çağlayan stated on May 8 that “Graniser was included in the Turquality program, which is a state program to support companies generating global brands, and obtained TL 1.4 million in incentives from the Export Support and Price Stability Fund (DFİF). However, as a result of an investigation conducted by the Economy ministry, it has come to our attention that Graniser provided misleading information and documents to the ministry in order to be included the Turquality program.”

Çağlayan noted that the ministry has started legal action against the company and that the court has ordered Graniser to return the incentives to DFİF, with interest.

Recalling that the Turquality program aims to establish a standard of quality for Turkish brands and to propel homegrown companies from the domestic market to the world stage, Çağlayan underlined that within the scope of a circular dated April 25, 2006, the state provides incentives to companies operating a business in or in conjunction with foreign countries.

He added that according to the circular, companies wishing to benefit from these incentives must submit documents approved by the Turkish trade attaché or consular office in the countries in which they operate a business, including documentation of the expenses of their overseas offices and reports by audit and consulting companies, within six months of receiving a request from the ministry for the investigation of their activities.

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