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26 February 2019

Simplified export procedures for fruits and vegetables

The Cabinet of Ministers of the Republic of Uzbekistan introduced a new regulation on the export of fruits and vegetables.

In accordance with it, entrepreneurs have the right to export vegetables and fruits without a license for wholesale trade, a taxation procedure is applied to their proceeds, providing for the payment of a single tax payment.

Export can be carried out without prior payment, opening a letter of credit, issuing a bank guarantee, and also having a policy for insuring an export contract.

Entrepreneurs with receivables for export contracts entered into the Unified electronic information system of foreign trade operations are automatically entered into the register of dishonest exporters.

Also, they lifted the restriction on which the export of fruits and vegetables without a contract on the basis of an invoice was allowed only if the amount of delivery was not more than $ 20,000.