RESOLUTION OF THE CABINET OF MINISTERS OF THE AZERBAIJAN REPUBLIC

of July 14, 1992 No. 391

About establishment of rates of the export levy and standard rates of assignments of obligatory sale of currency earnings in Single currency fund of the Azerbaijan Republic

In pursuance of the Presidential decree of the Azerbaijan Republic of June 15, 1992 and for the purpose of regulation of the foreign trade transactions, enhancement of system of forming of Single currency fund of the republic and currency funds of the companies, associations and the organizations, * irrespective of their patterns of ownership, priority use of these funds for stabilization of economy, the solution of social and economic problems of the republic, the Cabinet of Ministers of the Azerbaijan Republic decides:

1. Consider it expedient to construct rates of the export levy and standard rates of currency assignments differentially on commodity sign.

2. Determine that:

* since August 1, 1992 the companies, irrespective of pattern of ownership, send to the funds revenue from commodity export, works and services and from this revenue pay taxes and perform obligatory sale of currency means in Single currency fund. the republics in sizes according to appendix No. 1 to this resolution;

* the currency earnings of the companies from commodity export, works and services does not include transportation cost, insurance, accomplishment of handling works and freight forwarding abroad. Suppliers export and buyers of import products of the company or organization pay transportation, to the insurer and the freight forwarder the freight charge, insurance and forwardings abroad in foreign currency.

The payments in foreign currency made by suppliers export and buyers of import products, the companies and the organizations, and also foreign clients less the costs in foreign currency connected with transportations, insurance and forwarding constitute currency earnings of the companies and organizations of rail, sea, air, road and river transport, the insurance and forwarding companies.

* Further hereinafter is referred to as - the companies

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