RESOLUTION OF THE CABINET OF MINISTERS OF THE REPUBLIC OF UZBEKISTAN

of October 25, 1993 No. 520

About streamlining of implementation of export-import transactions on barter basis

For the purpose of elimination of nonequivalent barter when implementing export-import transactions and in pursuance of the Presidential decree of the Republic of Uzbekistan "About strengthening of control on the export-import transactions performed on barter basis" of July 9, 1993. The Cabinet of Ministers decides:

1. Approve:

Procedure of export-import transactions on barter basis and the tax discharges from revenue in foreign currency according to barter contracts according to appendix.

2. Determine that:

the barter contracts signed till May 25, 1993 are subject to completion without the tax discharge from revenue in foreign currency;

operation of this resolution does not extend to the barter contracts signed with firms of foreign countries and the companies of the states - subjects of the former USSR with which goods turnover is regulated by interstate and intergovernmental agreements and agreements.

3. To Central Bank together with National Bank of foreign economic activity of the Republic of Uzbekistan in ten-day time to develop procedure for opening of special accounts for accounting of barter contracts.

4. Goskomprognozstatu together with the Central bank, National Bank of foreign economic activity, the Ministry of external commercial relations, the State Customs Committee and the Main State Tax Administration under the Cabinet of Ministers of the Republic of Uzbekistan in ten-day time to develop form of the reporting on execution of barter contracts.

5. Warn heads of complexes of the Cabinet of Ministers about the personal responsibility for violation of provisions of this resolution.

6. Recommend to Prosecutor's office of the Republic of Uzbekistan to inform systematically the Cabinet of Ministers on the revealed violations and the taken measures for their prevention.

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