What does TMP mean in INTERNATIONAL BUSINESS
Temporary Export License Exceptions (TMP) is a type of special export license exception that allows for the temporary export of certain commodities, software or technology. This exemption permits exporters to temporarily send these types of items out of the US without an applicable export license.
TMP meaning in International Business in Business
TMP mostly used in an acronym International Business in Category Business that means Temporary Export License Exception
Shorthand: TMP,
Full Form: Temporary Export License Exception
For more information of "Temporary Export License Exception", see the section below.
Essential Questions and Answers on Temporary Export License Exception in "BUSINESS»INTBUSINESS"
What is the purpose of the TMP Export License Exception?
The TMP export license exception provides companies with an opportunity to temporarily export items such as certain commodities, software, and technology from the United States without obtaining an official export license from the Department of Commerce or other applicable federal agency.
Who is eligible to use this program?
Any company wishing to export eligible items may apply for the TMP export license exception. This includes companies who are not registered with any government agency and who do not have an existing statement of intent on file with the Department of Commerce.
What are some examples of items that can be exported under a TMP Export License Exception?
Examples include commercial samples; information and informational material; temporary imports/exports for repair or replacement; certain engineering, research and development projects; certain computer hardware/software; certain chemicals (with restrictions); medical devices, instruments and components; tools used in research and development activities; educational materials; test materials and crude oil samples.
How long is a Temporary Export License Exception valid for?
Generally speaking, a TEMP license exception remains valid for up to 360 days from its issuance before it must be renewed or replaced with another type of license authorization. There are also emergency exceptions available designed to provide exporters with a more immediate solution when circumstances require it.
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