State Customs Committee collected over 11 months of this year 1 257.7 million manat of customs taxes and duties (+ 15.1 % per year). It's obvious that customs is tuned "to meet" the forecasts of 2013, which should by 15% ahead of last year's amount of fees.
Economists note that this year there were no special changes in the structure of imports subjected to import duties and VAT. Nevertheless, officially imports rose in value by about 19 %. This may be due to two factors, experts say: either the declared customs prices of goods or the plank of the declared amount of goods were raised.
Azerbaijan Customs realities are such that entrepreneurs are forced to declare not the entire volume of imported goods for the importer to pay certain fees. But later goods without invoices appear in retail, and the tax bodies do not lose sight of that.
Note that on the state budget for 2014 the customs are to conquer new heights and to collect 1510 million manats. - 08D-
Economics
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According to the State Customs Committee, in the first eleven months of this year, Azerbaijan transported 6.96 million tons of cargo by rail, worth $3.01 billion. This represents a 4% decrease in volume and a 10.1% decline in value compared to the same period in 2023.
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The Cabinet of Ministers of Azerbaijan has approved a set of regulations to govern the approval of agreements under the country’s competition law, aimed at fostering compliance with legal frameworks and enhancing market transparency.
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Azerbaijan's ambitious program to restore territories liberated from Armenian occupation has attracted attention due to the extensive use of single-source procurement methods, raising concerns about transparency and corruption.
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Azerbaijan recorded a 2% increase in wheat imports from January to November 2024 compared to the same period in 2023, underscoring its continued reliance on external sources to meet domestic demand. This growth comes amid a significant decline in domestic wheat production, which decreased by 148,100 tons in 2024, further intensifying the need for imported supplies.
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