Approved by the Order of the State Customs Committee of the Azerbaijan Republic of September 9, 1998 No. 49

The instruction about control of payment of currency means for the goods exported from the territory of the Azerbaijan Republic

1. General provisions

1.1. This Instruction is prepared according to the Customs Code, the Law of the Azerbaijan Republic "About currency control" and the "Regulations of import and export transactions in the Azerbaijan Republic" approved by the Presidential decree of the Azerbaijan Republic of June 24, 1997 No. 609.

1.2. Control of payment of currency means for the goods exported from the territory of the Azerbaijan Republic is regulated by this Instruction.

1.3. In this Instruction the following concepts are applied:

- the state company - accessory to the state more than 50% of shares in Authorized capital of the companies;

- the file - document package on control over receipt of currency means for the exported goods (data on each transaction are constituted separately);

- the register - the document generalizing "Accounting card of currency exchange control over export transactions";

- authorized bank - bank or other credit institution which obtained the license of National Bank of the Azerbaijan Republic for carrying out currency transactions;

- foreign currency:

a) banknotes, treasury notes and bank notes in the form of stamping coin which are in circulation in the territory of the corresponding foreign states or group of the states and considered as legal means of payment, and also withdrawn from circulation or subject to withdrawal, but suitable for exchange for bank notes which are in circulation in this territory.

b) the means which are on accounts in monetary units of foreign states, international cash or units of account;

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