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Azerbaijan to exempt import of some goods from customs duty

[ 18 April 2013 14:03 ]



Baku. Mubariz Aslanov – APA. In accordance with the newly-drafted law in Azerbaijan, several goods will be exempted from customs duty and the categories of those goods are provided in the project.

 

According to APA, several goods are exempted from customs duty in the draft law on “Customs tariff”, which was entered the parliament from Presidential Administration and discussed at the economic policy committee of the parliament.

 

According to law, certain cargos, luggage and fishing Azerbaijani ships and material support withdrawn from customs area to provide activity of the ships leased by Azerbaijani legal entities and individuals, fuel, food, medicine and other products are exempted from customs duty. At the same time, national currency, foreign currency and securities are exempted from the duties.

 

At the same time, personal belongings of migrants, household equipments, instruments for labor activity are exempted from the duties.

 

Besides, the project says relevant executive agency may impose considered tariff concessions for concrete period on the import of equipment providing modern technology and stuff to develop the concrete sphere if it is impossible to pay the production needs from local stuff.

 

If incorrect value is offered to any good by any customs officer and the court considers it correct, that officer is brought to disciplinary responsibility along with arresting. 

 

During the discussions, MP Vahid Ahmedov said that intensive talks are being held to enter World Trade Organization and several problems can be resolved after entering the organization: “The document must be drafted in accordance with the WTO requirements”.

 

Chairman of Committee Ziyad Samadzadeh noted that competitive products must be produced in the country to protect the domestic market, increase export.

 

After discussions, the draft law was recommended to plenary meeting of Milli Majlis.