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The document ceased to be valid since  May 14, 2018 according to Item 1 of the Order of the Minister of Finance of the Republic of Uzbekistan of May 8, 2018 No. 91

Registered by

Ministry of Justice

Republic of Uzbekistan

On March 18, 2009 No. 1922

ORDER OF THE MINISTER OF FINANCE OF THE REPUBLIC OF UZBEKISTAN

of February 23, 2009 No. 8

About approval of the Regulations on procedure for accumulation on the special account of territorial joint-stock associations Hlopkoprom of positive difference between internal and actual sales price of cotton fiber and use of these means

(as amended on 30-10-2014)

According to the Law of the Republic of Uzbekistan of December 29, 2008 No. ZRU - 196 "About modification and amendments in the Tax code of the Republic of Uzbekistan" (Collection of the legislation of the Republic of Uzbekistan, 2008, No. 52, the Art. 512) and the Resolution of the President of the Republic of Uzbekistan of December 29, 2008 No. software - 1024 "About the forecast of the main macroeconomic indicators and parameters of the Government budget of the Republic of Uzbekistan for 2009" (Collection of the legislation of the Republic of Uzbekistan, 2008, 52, of the Art. 515) I order to No.:

1. Approve the enclosed Regulations on procedure for accumulation on the special account of territorial joint-stock associations Hlopkoprom of positive difference between internal and actual sales price of cotton fiber and use of these means.

2. This Order becomes effective after ten days from the moment of its state registration in the Ministry of Justice of the Republic of Uzbekistan.

Minister

R. Azimov

Approved by the Order of the Minister of Finance of the Republic of Uzbekistan of February 23, 2009 No. 8

Regulations on procedure for accumulation on the special account of territorial joint-stock associations Hlopkoprom of positive difference between internal and actual sales price of cotton fiber and use of these means

This Provision according to the Law of the Republic of Uzbekistan of December 29, 2008 No. ZRU - 196 "About modification and amendments in the Tax code of the Republic of Uzbekistan" (Collection of the legislation of the Republic of Uzbekistan, 2008, No. 52, the Art. 512) and the resolution of the President of the Republic of Uzbekistan of December 29, 2008 No. software - 1024 "About the forecast of the main macroeconomic indicators and parameters of the Government budget of the Republic of Uzbekistan for 2009" (The collection of the legislation of the Republic of Uzbekistan, 2008, No. 52, of the Art. 515) determines procedure for accumulation on the special account of territorial joint-stock associations Hlopkoprom (further - TAO "Hlopkoprom") positive difference between internal and actual sales price of cotton fiber and use of these means.

I. General provisions

1. In this Provision the following basic concepts are used:

internal price - the price of cotton fiber including listed wholesale price, selling costs and commission fees of TAO "Hlopkoprom";

sales price (selling price) - the price of cotton fiber determined according to Regulations on procedure for realization of cotton fiber on the open exchange tenderings through the currency platform of the Uzbek Republican commodity and raw exchange (further - UZRTSB) to the companies of the republic processing cotton fiber, and for export, the approved resolution of the President of the Republic of Uzbekistan of August 29, 2006 No. PP-456 (Collection of the legislation of the Republic of Uzbekistan, 2006, No. 36, the Art. 359);

positive difference - the amount of excess of selling price over internal price;

negative difference - the amount of excess of internal price over sales price of the cotton fiber realized through UZRTSB and under direct agreements.

2. Realization of cotton fiber for export is assessed with the value added tax (further - the VAT) on zero rate. Realization of cotton fiber to the intra republican companies is assessed with the VAT at the rate of 20 percent.

3. Internal price of cotton fiber is determined:

intended for realization for export - including VAT on zero rate;

intended for realization to the companies of the republic - including VAT at the rate of 20 percent.

4. In case of determination of difference between internal and selling prices of cotton fiber, the price and amounts of fiber in calculations undertake in standard weight.

II. Procedure for determination of positive difference between internal and selling prices on cotton fiber

5. The difference between internal and selling prices on cotton fiber is determined monthly TAO "Hlopkoprom":

in case of realization for export - by calculations of positive difference between internal and selling price of cotton fiber for export in form according to appendix No. 1 to this Provision;

in case of realization to the companies of the republic - by calculations of positive (negative) difference between internal and selling price of cotton fiber to the companies of the republic for form according to appendix No. 2 to this Provision.

6. In case of formation of negative difference on amount of the cotton fiber realized to the companies of the republic the amount of negative difference becomes covered by the positive difference formed on the amount realized for export.

The amount of negative difference which is not covered with the amount of positive difference becomes covered according to the procedure established in "Regulations on procedure for covering of the negative difference which is formed between world and internal prices on cotton fiber" (reg. No. 1486 of 06.07.2005).

7. Between internal and selling prices on cotton fiber are applied to calculation of difference:

selling price on the standard weight calculated proceeding from price situation at the world market less the discount presented to foreign trade companies and discount of the starting price of the cotton fiber realized through UZRTSB applied in case of determination;

listed prices on cotton fiber in standard weight approved by the Ministry of Finance of the Republic of Uzbekistan;

actual expenses on delivery, transfer and storage of cotton fiber on zone specialized cotton terminals before realization to foreign trade companies and through UZRTSB;

commission fees of TAO "Hlopkoprom" in the sizes approved with the Ministry of Finance of the Republic of Uzbekistan.

8. In process of receipt of funds calculation of difference between internal and selling prices on cotton fiber of TAO "Hlopkoprom" represents for check to the chief inspector of Fund assigned to it for calculations for the agricultural products which are purchased for the state needs (further - Fund), under the Ministry of Finance of the Republic of Uzbekistan (further - the chief inspector Fonda).

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