BAKU, Azerbaijan, Apr. 17
By Sadraddin Agjayev – Trend:
Customs duties on the import of electronic computing devices, spare parts and equipment for Azerbaijan’s Mingachevir High-Tech Park have been changed, Head of General Department of Customs Tariffs Regulation and Payments, Mayor General Mirgasim Vahabov, told Trend.
The major general said that Mingachevir High-Tech Park was created in order to ensure sustainable development of the economy and increase its competitiveness, expand areas of innovation and high technology based on modern scientific and technological achievements, conduct scientific research and create modern complexes for the development of new technologies in accordance with the decree № 481 of Azerbaijan’s president dated February 26, 2015.
According to the decree № 73 of Cabinet of Ministers dated February 28, 2020, on amending its decree No. 91 dated April 22, 1998, on rates of customs duties on export-import operations of Azerbaijan, according to an approved document of the Ministry of Transport, Communications and High Technologies, new codes were added to the list of imported installations, parts and accessories on the commodity nomenclature of foreign economic activity with exemption from customs duties of an individual carrying out entrepreneurial activities without forming a legal entity, as well as a legal entity of the resident of Mingachevir High-Tech Park.
According to the approved document of the Ministry of Transport, Communications and High Technologies, a legal entity that is a resident of the Mingachevir High-Tech Park or an individual carrying out business activities without creating a legal entity is exempt from customs duties on imported equipment, spare parts and accessories in accordance with the list of imported installations, parts and accessories on the commodity nomenclature of foreign economic activity, approved by resolution № 264 of the Cabinet of Ministers dated July 10, 2015, which is valid for seven years.
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