Exporters compensated for transportation costs
13/07/2020 19:26
Exporters compensated for transportation costs
13/07/2020 19:26
Tashkent, Uzbekistan (UzDaily.com) -- Resolution of the Republican Commission on the Development of Export Potential of Regions and Industries from 30 June 2020 No. 3257 approved the Regulation on the procedure for providing subsidies from the State Budget of the Republic of Uzbekistan for partial compensation of transportation costs for export products by road, air and rail transport, Norma.uz reported.
Exporting enterprises (their authorized representatives) can receive compensation up to 50% of their costs for the transportation of exported products
The list of products for which export is compensated is approved by the Presidential resolution of “On Measures to Further Support Export Activities” on 7 July 2020, and the export promotion agency under the Ministry of Investment and Foreign Trade is the authorized body for paying subsidies.
Compensation is paid to the interested party - a business entity registered in Uzbekistan (or its authorized representative) that sells products to foreign buyers under an export agreement, which is a consignor under an export and (or) intermediary agreement.
Applications for compensation from exporters are accepted for products exported from 1 April 2020 subject to the following conditions:
the exporter is registered in Uzbekistan;
products manufactured in Uzbekistan;
products are not exported to neighboring countries (except Afghanistan), with the exception of poultry and egg meat (HS code 0407210000, 0207);
products are designed for export in the prescribed manner;
according to the export agreement (intermediary agreement, invoice), transportation costs are borne by the interested person, and they are paid by him.
Compensation amounts are calculated strictly in accordance with the type, volume and direction of export of products, but cannot exceed the cost of export (excluding transportation costs):
road transport - 5%;
rail transportation - 7%;
air - for horticultural products with the HS code starting at 07, 08, 0904 and 1202 - 12%, for other types of products - 6%.
The regulation provides a formula for calculating and determining the amount of compensation, establishes a list of documents attached to the application, as well as grounds for refusing to provide compensation.
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