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PRESIDENTIAL DECREE OF THE REPUBLIC OF UZBEKISTAN

of October 27, 2011 No. UP-4374

About introduction of amendments to some acts of the President of the Republic of Uzbekistan

According to the Presidential decree of the Republic of Uzbekistan of August 24, 2011 N UP-4354 "About Additional Measures for Forming of the Most Favorable Business Environment for Further Development of Small Business and Private Entrepreneurship" and the resolution of the President of the Republic of Uzbekistan of August 25, 2011 N PP-1604 "About measures for elimination of bureaucratic barriers and further increase in freedom of business activity":

1. Make changes to some acts of the President of the Republic of Uzbekistan according to appendix.

2. To impose control of execution of this Decree on the First Deputy Prime Minister of the Republic of Uzbekistan R. S. Azimov.

President of the Republic of Uzbekistan

I. Karimov

Appendix

to the Presidential decree of the Republic of Uzbekistan of October 27, 2011 No. UP-4374

The changes made to some acts of the President of the Republic of Uzbekistan

1. N UP-616 "About Elimination of Violations and Abuses on the Export-import Transactions Performed on Barter Basis" to exclude Item 2 of the Presidential decree of the Republic of Uzbekistan of July 9, 1993.

2. To replace the paragraph of the sixth of Item 10 of the Regulations on currency exchange control on export-import transactions approved by the Presidential decree of the Republic of Uzbekistan of April 20, 1994 N UP-837, with paragraphs the sixth or ninth the following content:

"The legal resident persons who allowed delay of receipt of currency earnings from abroad more than on 30 banking days (for subjects of small business and private entrepreneurship - 60 banking days), after the expiration of fixed terms pay penalty to the income of the republican budget:

in equivalent of 10 percent from the amount of not arrived currency means - in case of delay of receipt of currency earnings up to 180 days of fixed terms;

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