Document from CIS Legislation database © 2003-2022 SojuzPravoInform LLC

LAW OF THE AZERBAIJAN REPUBLIC

of May 30, 2003 No. 462-IIG

About regulated prices

This Law establishes legal and economic basis of state policy in the field of price regulation and rates (further - the prices) and the relations arising in this sphere.

Article 1. Legislation of the Azerbaijan Republic on regulated prices

The legislation of the Azerbaijan Republic on regulated prices consists of the Constitution of the Azerbaijan Republic, this Law, the Laws of the Azerbaijan Republic "About natural monopolies", "About anti-monopoly activities", "About unfair competition", "About estimative activities", other regulatory legal acts, and also international treaties which participant is the Azerbaijan Republic.

Article 2. Basic concepts

2.1. The concepts used in this Law express the following values:

2.1.1. The price - monetary value of products (goods, work, service);

2.1.2. State regulation of the prices - price fixation by impact on process of their origin and application by means of legislative, administrative and financial and budget measures;

2.1.3. Emergence of the price - pricing based on the corresponding normative legal documents, demand offer and factors able to exert impact on the price;

2.1.4. Regulated price - the price which level is established by relevant organ of the executive authority;

2.1.5. Market price - the price established according to the mutual arrangement of the parties on the basis of the demand and supply;

2.1.6. Regulating authority - the relevant organ of the executive authority performing state regulation of the prices.

2.2. The concepts used in this Law concerning civil economic and other legislative spheres, are applied in the values used in the corresponding legal acts.

Article 3. Scope of regulated prices

3.1. Regulated prices are applied to products (goods, works, services), subjects of natural, state monopoly and monopolistic subjects, and also other products (goods, works, services), the prices for which are carried by the legislation of the Azerbaijan Republic to state regulation.

3.2. The list of products (goods, works, services), subjects of natural, state monopoly and monopolistic subjects, the prices for which are carried by the existing legal acts of the Azerbaijan Republic to state regulation, affirms relevant organ of the executive authority.

3.3. All legal entities performing activities in the territory of the Azerbaijan Republic, irrespective of pattern of ownership, and the physical persons who are engaged in business activity without creating the legal entity, apply to products (goods, works, services), the prices for which according to the legislation are in state regulation, the corresponding regulated prices.

3.4. Provisions of this Law do not extend to products (goods, works, services), the prices for which are not regulated.

Article 4. Basic principles of price regulation

4.0. Treat the basic principles of price regulation:

4.0.1. implementation of regulation from the point of view of the market relations and ensuring dynamic development of economy;

4.0.2. stimulation of attachment of investments into intensive development of priority industries of economy;

4.0.3. restriction and prevention of the facts of monopolism, approval of consumer interests and producers;

4.0.4. ensuring effective influence of price regulation of subjects of natural monopoly on social and economic development of the country;

4.0.5. ensuring efficiency of use of natural resources of the country according to economic interests of the state;

4.0.6. accounting internal and world market prices on products (goods, work, service);

4.0.7. payment of economically reasonable expenses in emergence of the price;

4.0.8. prevention of inflation, non-admission of possible economic and social crises;

4.0.9. creation of favorable economic conditions for technical and technology development of the business entities making products (goods, works, services) with regulated prices;

4.0.10. use of the directing, encouraging and limiting influence of price factor.

Article 5. Tasks of the state in the field of price regulation

5.0. In the field of price regulation treat the main objectives of the state:

5.0.1. determination of policy of the state in the field of price regulation and the organization of its implementation;

5.0.2. adoption of the legal acts concerning regulation, use of the prices and control of them;

5.0.3. establishment of rules of approval, application, change of regulated prices, suspensions of their regulation and emergence of the price;

5.0.4. creating favorable conditions for intensive development of local production and ensuring protection of the domestic market;

5.0.5. prevention of unreasonable increase in price level for the purpose of receipt of high profit and ensuring economic interests of the state;

5.0.6. ensuring purposeful and rational use of budgetary funds for satisfaction of the state needs;

5.0.7. consideration of the questions arising in connection with price regulation between regulating authority and the subject of emergence of the price and decision making.

Article 6. Price regulation methods

6.1. Price regulation is performed with use of the following methods:

6.1.1. price approvals;

6.1.2. restrictions of price level;

6.1.3. restrictions of level of profitability rate in the price;

6.1.4. changes of tax, customs tariffs and rates of duties;

6.1.5. provisions of the credits preferential (at a discount);

6.1.6. provisions of subsidy from the government budget;

6.1.7. price differentiations on products (goods, work, service) to which regulated prices, on different customer groups are applied.

6.2. The method of price regulation gets out and applied by relevant organ of the executive authority.

Article 7. Obligations and the rights of the relevant organ of the executive authority performing price regulation

7.1. Treat obligations of the relevant organ of the executive authority performing price regulation:

7.1.1. price regulation implementation;

7.1.2. ensuring implementation of state policy in the field of price regulation;

7.1.3. introduction of offers on the regulatory legal acts establishing state policy in the field of origin and price regulation;

7.1.4. coordinating of activities of executive bodies and local self-government in the field of price regulation and control of them and rendering the methodical help to them;

7.1.5. pronouncement of the conclusion on the questions connected with origin and use of the price;

7.1.6. providing according to the antitrust law of prevention of increase in need of production expenses of the subject of emergence of the price at the expense of foreign factors.

7.2. Treat the rights of the relevant organ of the executive authority performing price regulation:

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