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The document ceased to be valid since October 3, 2016 according to Item 1 of the Presidential decree of the Republic of Uzbekistan of September 23, 2016 No. UP-4847

RESOLUTION OF THE PRESIDENT OF THE REPUBLIC OF UZBEKISTAN

of August 29, 2006 No. PP-456

About streamlining of the mechanism of realization and calculations for cotton fiber

(as amended on 22-12-2015)

For the purpose of widespread introduction of the market principles and mechanisms in case of production and realization of cotton fiber, creation of competitive environment in the republican market of cotton-fiber, implementation of the commonly accepted forms of calculations for cotton fiber and cotton products in world practice:

1. Determine that according to annually approved balance indicators realization of cotton fiber for export and to the companies of the republic processing cotton fiber (further - the companies of the republic), is performed for freely convertible currency - through foreign trade companies of the Ministry of Foreign Economic Relations, Investments and Trades of the Republic of Uzbekistan and the Uzbek republican commodity and raw exchange.

To the companies of separate socially important industries of the republic for the decision of the Cabinet of Ministers of the Republic of Uzbekistan cotton fiber can be implemented under the direct agreements signed with the territorial joint-stock associations (TJSA) Hlopkoprom.

2. Determine procedure according to which:

storage and leave of cotton fiber for export, to the companies of the republic, are made only from zone specialized cotton terminals;

final acceptance of cotton fiber on quality and weight by foreign consumers and the companies of the republic, is performed on zone specialized cotton terminals;

the cotton fiber acquired by the companies of the republic is used only in the production purposes and is not subject to resale.

3. Approve:

Regulations on procedure for realization of cotton fiber and calculations of foreign trade companies with territorial joint-stock associations Hlopkoprom, and also the Settlement scheme for cotton fiber according to appendices No. 1 and No. 1a;

Regulations on procedure for realization of cotton fiber on the open exchange tenderings through the currency platform the Uzbek republican commodity and raw exchange (UZRTSB), to the companies of the republic, and for export, and also the Settlement scheme according to appendices No. 2 and No. 2a;

Regulations on procedure for certification and weighing of cotton fiber according to appendix No. 4.

In case of realization and calculations for cotton fiber it is strict to Council of Ministers of the Republic of Karakalpakstan, khokimiyats of areas, Ministry of Foreign Economic Relations, Investments and Trades, Ministry of Finance, State Customs Committee of the Republic of Uzbekistan, Uzkhlopkoprom association, Uzbek center "Sifat", Uzbek republican commodity and raw exchange to observe the principles, the mechanism and requirements established in the above-stated provisions.

4. To the Prosecutor General's Office of the Republic of Uzbekistan to establish supervision of strict execution by the interested ministries, departments and the organizations of this resolution. For violations of established procedure of realization and calculations for cotton fiber of guilty officials to bring to the responsibility provided by the law, up to criminal.

5. Keep for the foreign trade companies realizing cotton fiber, the operating payment procedure of tax and obligatory payments in the Government budget and the state trust funds as brokers.

6. Accept the offer of the Ministry of Foreign Economic Relations, Investments and Trades, Ministry of Economics, Ministry of Finance of the Republic of Uzbekistan, Uzkhlopkoprom association on expansion till September 1, 2007 of amounts of one-time storage of cotton fiber on terminals to 400 thousand tons according to appendix No. 5.

Provide to the Ministry of Foreign Economic Relations, Investments and Trades effective personnel recruitment to positions of heads of terminals, their annual certification and optimum rotation.

7. To provide to the Ministry of Internal Affairs of the Republic of Uzbekistan, GAZhK "Uzbekiston Temir Yullar" tough control of condition of fire safety at the companies of the cotton-processing industry, zone cotton terminals, and also when transporting cotton fiber by rail.

8. Recognize invalid some acts of the legislation according to appendix No. 6.

9 To the Ministry of Justice of the Republic of Uzbekistan together with the Ministry of Economics, the Ministry of Finance, the Ministry of Foreign Economic Relations, Investments and Trades, Uzkhlopkoprom association, the Uzbek center "Sifat", the Uzbek republican commodity and raw exchange and other interested departments in a month:

make in the Cabinet of Ministers offers on the changes and amendments in the legislation following from this resolution;

bring departmental regulations into accord with this resolution.

10. To impose control of execution of this resolution on the Prime Minister of the Republic of Uzbekistan Mirziyoev Sh. M.

President of the Republic of Uzbekistan

I. Karimov

Appendix № 1

to the Resolution of the President of the Republic of Uzbekistan of August 29, 2006 No. PP-456

Regulations on procedure for realization of cotton fiber and calculations of foreign trade companies with territorial joint-stock associations Hlopkoprom

I. General provisions

1. The cotton fiber produced by the cotton-processing plants of the territorial joint-stock associations (TJSA) Hlopkoprom (further - suppliers), is implemented to foreign trade companies (further - buyers) with its delivery to zone specialized cotton terminals (further - terminals) according to the signed agreements.

2. Relations between suppliers and buyers are determined by realization of cotton fiber by this Provision, other acts of the legislation of the Republic of Uzbekistan and bilateral agreements.

II. The conclusion of general agreements and agreements on realization of cotton fiber

3. At the beginning of calendar year between suppliers and buyers general agreements on purchase of cotton fiber from the expected harvest of cotton raw of the current year according to prisoners between suppliers and hlopkoseyushchy farms to agreements of contracting are signed.

4. In the general agreement are determined:

specific selection grades of cotton raw for development of cotton fiber of the corresponding industrial grades and types demanded in the world market;

settlement amounts of the cotton fiber delivered on terminals for the subsequent export and realization to the companies of the republic processing cotton fiber (further - the companies of the republic), proceeding from forecast production volumes of cotton raw and sortorazmeshcheniye of cotton;

preliminary closing dates of agreements on amounts of the cotton fiber redeemed by buyers for the period September-December current and January-August of the future of years.

5. According to the general agreement:

by results of approbation of the actual crops of cotton and the expected harvest delivery agreements of cotton fiber on terminals for the subsequent export and realization to the companies of the republic for hard currency for the period September-December of the current year are signed;

by results of cleaning and the actual procurement of cotton raw of the current year delivery agreements of cotton fiber on terminals for the subsequent export and realization to the companies of the republic for hard currency for the period January-August of next year are signed.

6. In the agreements signed according to the general agreement all key parameters are determined by amounts, grades, types, classes and other qualitative indexes of the delivered fiber, conditions of transportation and terms of shipment, procedure for settlement, force majeur circumstances, property and other responsibility under the terms of accomplishment of the signed agreements, procedure for consideration of matters of argument.

III. Procedure for determination of the prices of cotton fiber

7. Purchase by buyers of cotton fiber for the subsequent realization for export and to the companies of the republic is performed on the basis of the agreements signed in accordance with the established procedure with suppliers.

8. Contract prices on the cotton fiber realized by TAO "Hlopkoprom" to foreign trade companies are determined on conditions the CIP cotton terminal in the following procedure.

Average value of the quotations of index "A" and its Uzbek component published in "Kotton Outluk" for the day preceding the delivery date of fiber on the terminal (or date of implementation of advance payment according to Item 25 of this provision) for 1 ton of cotton fiber of grade of "Birinchi", the class "Urta", 5 types, the 35th code is originally determined (in US dollars) (basic price). Proceeding from this price the prices of other grades and classes of cotton fiber using coefficients according to appendix 1 to this Provision are determined.

At the same time during the periods of action of the world prices for cotton fiber below the approved listed prices, including tax on value added, in case of realization of cotton fiber for the companies of the republic the cotton-processing plants estimate the value added tax proceeding from the world prices which actually developed on the date of delivery taking into account discount in the amount of 15 percent on the following formula: the world price taking into account discount x 20/120.

Contract price is determined as difference between the price determined in the above procedure and the marginal estimated costs of buyers provided below by realization of cotton fiber:

costs on storage and insurance of cotton fiber in terminals, transportation (including payment for issue of the phytosanitary certificate and the militarized protection on the republic territory) to CIF of the North European ports, transfer (loading unloading), fumigation and storage of fiber in ports within the normative terms established by ports, calculated for accomplishment of conditions of CIF - the North European ports;

costs of the Uzbek center of certification of cotton Sifat fiber under the Cabinet of Ministers of the Republic of Uzbekistan (further - UTs "Sifat") on certification of cotton fiber on the rates approved in the Ministry of Finance of the Republic of Uzbekistan and weighing of mass of piles;

costs on declaring and customs clearance of cotton fiber;

banking expenses (guarantees, commission charges of bank for money transfer, opening of the letter of credit, verification of shipment documents and other expenses);

commission fees SAC Uzvneshtrans to 2 percent from the cost of forwarding services;

income of foreign trade companies on expenses on the main activities, expenses on interest payment on the loans of the Ministry of Finance of the Republic of Uzbekistan attracted by buyers for calculations for the cotton fiber which is purchased from suppliers.

9. The Ministry of Finance together with the Ministry of Foreign Economic Relations, Investments and Trades, the Ministry of Economics, the Ministry of agricultural and water economy of the Republic of Uzbekistan and Uzkhlopkoprom association calculated and brings for approval in the Cabinet of Ministers of the limiting Republic of Uzbekistan the size of costs of foreign trade companies on realization of cotton fiber. The approved extreme size of selling costs of cotton fiber is carried to suppliers and buyers by the Ministry of Foreign Economic Relations, Investments and Trades.

10. Contract prices on the cotton fiber realized by foreign trade companies to the companies of the republic are determined proceeding from the world prices developing according to the quotations of index "A" and its Uzbek component published in "Kotton Outluk" on shipping date, at a discount in the amount of 15 percent and commission fee of the foreign trade campaigns in the amount of no more 1,0 of percent from contract price. At the same time expenses of UTs "Sifat" (on certification and weighing), expenses, including expenses on insurance of cotton fiber in terminals, are paid for the rendered services of banks, cotton terminals at the expense of means, foreign trade companies being at the command.

11. Contract prices are established on the cotton fiber conforming to all mandatory requirements of the existing standards of the Republic of Uzbekistan.

12. Contract price on the cotton fiber redeemed by buyers from suppliers shall not be below listed wholesale price in terms of net weight (on the formula given in the price list of wholesale prices) and expenses on delivery, unloading and storage of cotton-fiber on terminals, including commission charges of suppliers.

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