President approves measures for procurement of scrap and production of rolled ferrous metals in 2018
20/12/2017 15:18
President approves measures for procurement of scrap and production of rolled ferrous metals in 2018
20/12/2017 15:18
Tashkent, Uzbekistan (UzDaily.com) -- On 18 December 2017, the President of Uzbekistan signed a resolution “On measures for procurement of scrap metal, production and consumption of rolled ferrous metals for 2018”.
According to the resolution, starting from 2018, rolled ferrous metals produced by Uzmetkombinat are allocated (supplied) exclusively through exchange trades, including those for which supplies were previously provided under direct contracts and fixed prices.
The document underlined that the volume of rolled ferrous metals, which were not sold at the exchange trades, are subject to re-bidding for exchange trades within a month and only after that can be exported under direct contracts.
The head of Uzbekistan has forbidden khokimiyats to set tasks for preparation and delivery of scrap, ferrous scrap to educational and medical institutions.
Physically and morally obsolete equipment and metal structures, written off during bankruptcy, liquidation, reconstruction and modernization, must be handed over to Uzmetkombinat as scrap and waste at a free (contractual) price.
Metallurgical raw materials (HS codes 2619, 7203, 7204, 7207), imported by business entities to Uzbekistan for production of ferrous metals, are exempt from customs payments (except for customs clearance fees) till 1 January 2019.
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