Uzbekistan took a step in simplifying customs procedures with the signing of a new law amending the Customs Code by President Shavkat Mirziyoyev on February 27. The official document, published on Lex.uz, introduces several changes and additions aimed at streamlining the process of placing goods under customs regimes such as export, re-export, and re-import.
One notable change is the cancellation of customs duties for goods placed under the re-export regime that were not exported within the designated timeframe. Previously, such goods incurred fees on par with imported items, but this new provision aims to alleviate financial burdens on businesses engaged in re-export activities.
Furthermore, the amended law allows for greater flexibility in processing goods outside the customs territory. Upon completion of the processing regime, goods or products can now be cleared by any customs authority, streamlining administrative procedures and reducing bureaucratic hurdles.
Additionally, the law allows for the release of goods subject to customs examination before the receipt of examination results. To avail of this provision, duties and fees must be paid based on the declared value of the goods, accompanied by a guarantee of additional payment if deemed necessary.
The new law is set to come into effect three months after its official publication, on May 28.
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