A zero rate of customs duties has been introduced on butter, soybean and sunflower oil seed (potatoes, wheat, meslin, rye, barley, oats, corn, grain sorghum, buckwheat, millet, soybean, flax, sunflower, etc.), rye flour, groats and flour from durum wheat, cane sugar, cacao beans, the raw materials used in pharmaceuticals, some products for animal feeding.
Starting from September 1, following goods are not subject to excise: meat and edible meat offal, poultry fat, pork fat, wheat flour and other products used for animal feed.
Meantime, this decision also provides for cutting the current rates of customs duties on certain types of goods, including:
– customs duty on meat of bovine animals, pork, lard, poultry fat and other edible meat offal, coffee, wheat flour, cane sugar;
– excise duty on sunflower oil, cane sugar and coffee.
The cut of customs duties on raw materials for the production of food and consumer goods is set to be a strong incentive for domestic producers, thereby lowering production costs and increasing its competitiveness. (UzReport/Business World Magazine)