

Tashkent, Uzbekistan (UzDaily.com) — President of Uzbekistan Shavkat Mirziyoyev signed a resolution “On measures for further liberalization of foreign trade activity and support to business entities”.
The document established procedure according to which, from 1 December 2017, legal entities and individuals freely choose at their discretion payment terms for foreign trade contracts, which they concluded.
Uzbek leader unified the terms for formation of overdue accounts receivable on foreign trade operations within 120 days from the date of export shipment for export and from the date of payment for import operations.
The exception will be the goods exported by the resident founders of Uzbekistan to enterprises abroad and members of the Chamber of Commerce and Industry of Uzbekistan to trade and investment houses of the Chamber of Commerce and Industry, as well as imported under contracts concluded within the framework of projects implemented in accordance with the decisions of the President and the Cabinet of Ministers.
Legal entities and individuals are allowed to export goods, works and services for foreign currency without prepayment, opening a letter of credit, issuing a bank guarantee and having a policy on insurance of an export contract against political and commercial risks.
At the same time, customs clearance for export, with the exception of the commodities specified in the annex to the resolution, as well as goods exported on the basis of the invoice, is carried out without reference to settlements in the Single Electronic Information System for Foreign Trade Operations (SEISFTO).
In order to create favorable conditions for exporters, the document provides business entities with the right from 1 December 2017 to export goods (excluding specific goods), works and services without concluding an export contract, invoices with information in the SEISFTOafter 100% prepayment to accounts of exporters in banks of the Republic of Uzbekistan.
At the same time, separate rules of exports of fresh fruit and vegetables, grapes, melons, legumes, and dried vegetables and fruits, individual requirements are set in accordance with the law.
Exports of goods, works and services can be carried out only if the business entity does not have overdue accounts receivable on previously performed export operations.
At the same time, the exporter retains the right to export goods, works and services on the terms of advance payment, the opening of a letter of credit, and also with the guarantee of buyer’s banks or the policy of insurance of export contracts against political and commercial risks.
Source : UzDaily
Curtir isso:
Curtir Carregando...