Approved by the Resolution of Board of National Bank of Tajikistan of October 17, 2002, No. 235

Procedure for execution of the transaction certificate (TC) for export of cotton products by the servicing banks

The procedure for execution of the transaction certificate (TC) for export cotton the servicing banks (further - the Procedure), is developed compliance with Items 2 and 3 of the Presidential decree of the Republic of Tajikistan No. 899 of September 23, 2002 and regulates general provisions, requirements and mechanisms of execution of transaction certificates for export of cotton products accounting treatment and the reporting, procedure for refusal of registration and closing of PS for export of cotton products by the servicing banks.

I. General provisions

1. The servicing authorized banks (further - banks) as agents of currency exchange control provide bank export control of cotton products (cotton fiber, lint, улюк, cyclonic down - further cotton products).

2. Export of cotton products out of country limits for the purpose of ensuring accomplishment of debt obligations of hlopkoproizvoditel, is drawn up by passports of transactions.

3. The Transaction Certificate (TC) - the document having certain form (Appendix No. 1) which is filled with the Exporter in triplicate and is provided to bank in which the advance payment of cost of the exported cotton products arrived. PS copies after studying of terms of the contract on sale and not coherence of the farms selling cotton products to this Exporter debt obligations are drawn up by bank, one of which returns to the Exporter.

4. The drawn-up PS is the basis for issue to the Exporter the servicing bank of the Certificate of advance payment of cost cotton produktion (Appendix No. 2) and the tax discharge from sale.

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