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Will Azerbaijan change customs tariffs?

Business Materials 4 May 2018 13:22 (UTC +04:00)
Changing customs tariffs is not on the agenda in Azerbaijan, head of Azerbaijan’s State Customs Committee Safar Mehdiyev told reporters on May 4
Will Azerbaijan change customs tariffs?

Baku, Azerbaijan, May 4

By Anvar Mammadov - Trend:

Changing customs tariffs is not on the agenda in Azerbaijan, head of Azerbaijan’s State Customs Committee Safar Mehdiyev told reporters on May 4.

He reminded that usually the tariff changes are proposed within the framework of discussions on the budget package, and rarely in the middle of the year.

"Last year, we made major amendments to the customs duties with a view to protect local production. A new system of the customs duties was introduced. So, now we see no need to revise customs duties. If we receive some new proposals by the end of the year, we can consider them," Mehdiyev said.

The new system of the customs duties entered into force Jan. 1, 2018.

The new duties are regulated by the “Goods Nomenclature of Foreign Economic Activity, Customs Rates for Import and Export.” From 2001, the customs rates of 0, 0.5, 1, 3, 5, 10 and 15 percent were applied in the country. Starting from this year, only rates of 0, 5 and 15 percent on imported raw materials and goods are applied in Azerbaijan.

A zero rate is levied on the majority of the goods (raw materials and equipment) starting from this year, including even those from which a customs duty of 0.5 percent was previously levied.

This applies to those types of commodity groups (in particular groups 84 and 85), which, upon the order of the Cabinet of Ministers, are already subject to VAT at zero rate when importing.

The customs rate of 5 percent is levied on semi-finished products. As for the finished products, the rate on them increased up to 15 percent.

For example, a 15 percent rate is imposed on imports of various golden and silver products. The rate for the import of books, magazines, newspapers, brochures and other printed items has increased from 3 percent to 5 percent. At the same time, import of paper used for the issue of newspapers is exempt from import duties. A number of plastic products, parts of musical instruments, helicopters, airplanes, a number of varieties of live fish are also exempt from import duties. Import duties have been reduced for some goods, such as baby food.

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