RESOLUTION OF THE CABINET OF MINISTERS OF THE AZERBAIJAN REPUBLIC

of January 28, 1992 No. 66

About approval of the Provision "About Procedure for Application Economic and Penalties for Violation of the State Discipline of the Prices"

The Cabinet of Ministers of the Azerbaijan Republic decides:

1. Approve the Provision "About Procedure for Application Economic and Penalties for Violation of the State Discipline, the Prices" it (is applied).

2. The main state tax authorities of the Azerbaijan Republic and other monitoring bodies having the right of control of the prices to be guided by the specified Provision in practical activities.

3. Enact the specified Provision since January 28, 1992.

Approved by the Resolution of the Cabinet of Ministers of the Azerbaijan Republic of January 28, 1992 No. 66

Regulations on procedure for application economic and penalties for violation of the state discipline of the prices

I. General provisions

1.1. This Provision is developed and approved according to the Presidential decree of the Azerbaijan Republic of January 2, 1992. "About measures for liberalization of the prices".

1.2. The provision extends on physical, legal entities and their branches, irrespective of patterns of ownership, including the companies with foreign investments performing productive, trading and other business activity in the territory of the Azerbaijan Republic.

1.3. Economic sanctions and penalties are applied to the physical persons and legal entities which allowed violations of the state discipline of the prices and received at the same time illegal revenue (income).

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