Return of 2-3% of Declared Customs Value of Export Not to Encourage Transparency of Operations

The Cabinet approved the procedure for the decision to encourage those involved in the trade of non-oil exports. It also approved the corresponding commodity nomenclature and payout ratio.

The document is remarkable as the beneficiaries will be returned from 1.5 to 3% of the declared customs value of products exported from the country, starting from March 1 this year.

The fostered food products exported are pomegranates, confectionery, canned vegetables, fruits, nuts, juices, honey, dried fruit, persimmons, various sauces, spices, soft drinks, wines of different varieties and musts.

The fostered non-food products exported abroad are clothing, including leather, yarns, fabrics and carpets.

However, it should be noted that the conditional payment will not stimulate the increase of the declared value of the goods at customs. The reason is that the majority of products exported belong to privileged structures in the non-oil business, whose products always pass through customs in the amount they want and on their terms. The government, unfortunately, is not interested in discrepancies in the amount of bilateral trade promulgated by the Azerbaijani and foreign customs, which sometimes show a triple difference. --17D-