Presidential Decree "On additional measures to stimulate exporting enterprises" signed
08/09/2021 16:56
Presidential Decree "On additional measures to stimulate exporting enterprises" signed
08/09/2021 16:56
Tashkent, Uzbekistan (UzDaily.com) – Presidential Decree "On additional measures to stimulate exporting enterprises" was signed.
According to it, in order to fulfill the tasks identified in the framework of the open dialogue of the President of the Republic of Uzbekistan with entrepreneurs, held on 20 August 2021:
The Export Support Fund under the Export Promotion Agency received US$200 million from the Fund for Reconstruction and Development for loans for export-related trade operations and pre-export financing;
- from 1 October 2021, the Export Promotion Agency will provide one-time financial resources in the amount of up to US$5 million for a period of up to one year to enterprises whose annual export volume exceeds US$20 million for loans for trade operations related to export and pre-export financing through commercial banks.
- the possibility of a 120-day deferral (payment by installments) of customs payments without accruing interest and demanding security for payment for them is provided for enterprises that have exported finished textile products in the amount of more than US$1 million during the last twelve months, when they import components, raw materials and materials for the main and auxiliary industries.
- until 31 December 2021, the application of penalties against business entities for overdue receivables on foreign trade operations, as well as the collection of penalties imposed before the entry into force of this Decree, are suspended.
- from 1 October 2021, the requirement to obtain a national certificate for the import of certified and declared equipment, components, raw materials, measuring and vehicles, chemicals and lifting mechanisms from countries with a high quality and control system is canceled;
The Government Commission on Foreign Trade, Investment, Local Industry Development and Technical Regulation is granted the right to approve, as well as amend the Procedure for providing the Export Promotion Agency of one-time financial resources to enterprises for loans for trade operations related to export and pre-export financing through commercial banks;
- for the export of millet (TN VED codes 1008 21 000 0, 1008 29 000 0), flour and powder from dried legumes (TN VED code 1106 10 000 0), as well as flour and powder from fruits and nuts (TN VED code 1106 30 900 0) the permission of the President or the Cabinet of Ministers is not required.
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