PRESIDENTIAL DECREE OF THE REPUBLIC OF UZBEKISTAN

of October 10, 1997 No. UP-1871

About additional measures for commodity export stimulation (works, services)

For the purpose of further liberalization of foreign economic activity, enhancement of regulation of export-import transactions and stimulation of increase in export of the republic of products made by the companies:

1. Cancel since November 1, 1997:

export customs duties on all types of goods (works, services);

export licensing of goods (works, services) except for specific, according to appendix No. 1.

2. Determine that since February 1, 2002 business entities can perform commodity export (works, services) for freely convertible currency without advance payment, opening of the letter of credit, in the presence of guarantee of banks of the buyer or in the presence of the policy of assurance of export contracts of policy and commercial risks.

2-1. Grant the right to business entities since June 1, 2017:

perform commodity export by owners of which they are, except for fresh fruit and vegetable products, grapes, melon cultures, and also primary goods specified in appendix No. 2 to this Decree for foreign currency without advance payment, opening of the letter of credit, registration of guarantee of bank and availability of the policy on insurance of the export contract upon policy and commercial risks in case of observance of the following conditions:

contract value shall not exceed 100 thousand dollars of the USA in equivalent;

obligatory receipt of currency earnings shall be provided within 90 days from the date of the actual commodity export.

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