of May 6, 1999 No. 223
About measures for further enhancement of stock and exhibition and fair exchange trading in the Republic of Uzbekistan
For the purpose of further increase in efficiency of activities of the commodity and raw exchanges as link between the producer and the consumer of products and the efficient mechanism of market infrastructure, the Cabinet of Ministers decides:
1. Approve the Procedure for the conclusion of import contracts at the biddings of the commodity and raw exchanges of the Republic of Uzbekistan according to appendix No. 1.
2. To the State Property Committee of the Republic of Uzbekistan together with the interested ministries and departments to develop and register Regulations on clearing (clearing) houses of the commodity and raw exchanges of the republic in the Ministry of Justice of the Republic of Uzbekistan in a month.
3. Recommend to the companies and specialized foreign trade associations and firms of the ministries and departments, to members of Chamber of Commerce and Industry of the Republic of Uzbekistan, members of council of farmer, Dehkan farms and owners of garden plots of Uzbekistan to conclude bargains, as a rule, at the exchanges and fairs, having provided competition, availability and transparency of transactions.
4. To provide to national news agency of Uzbekistan the regular publication in mass media of stock exchange quotations on main types of the goods and raw materials provided by Council of the exchanges.
5. To the ministries and departments of the Republic of Uzbekistan in a month in accordance with the established procedure to bring the regulatory legal acts into accord with this resolution.
6. Make changes and additions to decisions of the Government according to appendix No. 2.
7. To impose control of execution of this resolution on the Deputy prime minister of the Republic of Uzbekistan Zheng V. A.
Chairman of the Cabinet of Ministers
Islam Karimov
to the Resolution of the Cabinet of Ministers of the Republic of Uzbekistan of May 6, 1999 No. 223
1. This Procedure is developed according to the Law of the Republic of Uzbekistan "About the exchanges and exchange activities" and extends to the import contracts on purchase of goods and raw materials signed at the exchange biddings, payment and calculation on which it is provided in national currency of the Republic of Uzbekistan - "bags".
2. In case of exposure to sale of import goods at the exchange and exhibition and fair biddings, including through specialized trading floors, the seller or the broker of the seller represents on the exchange:
the guaranty letter signed by the seller, the confirmatory property right of the client to the goods exposed to realization, availability of goods or guarantee of its production - in case of making of stock exchange transactions with introduction of means of warranty providing, and also confirmatory compliance of goods to the quality requirements established by the legislation;
the warehouse reference - in case of making of stock exchange transactions without introduction of means of warranty providing;
other documents - in cases, stipulated by the legislation the Republic of Uzbekistan.
3. Forms of providing the import contracts signed at the exchanges on amount-based basis are guarantee agreements, guarantees of banks, other credit institutes and insurance companies in accordance with the established procedure.
4. Under the import contracts signed at the exchange biddings, the expert opinion of consulting services on price level is not required.
5. The import contract signed by results of the taken place exchange bidding organized in real time for all members of the exchange:
is registered at the exchange or in its branch (specialized trading floor) according to the approved Procedure for assignment of identification numbers under the contracts signed at the exchange biddings of the commodity and raw exchanges;
it is drawn up and certified by seal of the exchange or its branch (specialized trading floor).
In the import contract shall be specified:
date of the carried-out exchange bidding in real time;
number of the protocol of the exchange bidding.
Responsibility for reliability of the data specified in documents, listed in Item 2 presents of the Procedure is born by the officials who signed them.
Responsibility for the correct execution of import contracts is born by the parties which signed them.
Responsibility for registration at the exchange of import contracts is born by the exchange.
6. Ceased to be valid according to the Resolution of the Cabinet of Ministers of the Republic of Uzbekistan of 30.03.2019 No. 269
7. Ceased to be valid according to the Resolution of the Cabinet of Ministers of the Republic of Uzbekistan of 30.03.2019 No. 269
8. After registration at the exchange import contracts are accepted to execution of bank by the relevant organizations. Payment of the import contracts signed at the exchange is performed based on the contract. Use of agreements - orders, guaranty letters received on fax connection and certified by seal of the exchange with the subsequent submission of originals during the next ten calendar days is allowed.
9. No. 284 is excluded according to the Resolution of the Cabinet of Ministers of the Republic of Uzbekistan of 20.10.2011
10. After the conclusion of the import contract the buyer during three banking days list money in accordance with the terms of payment, specified in the contract, but no more than 15 percent from the amount of transaction, into the special account of clearing (clearing) house of the exchange.
11. In case of commodity importation under exchange import contracts, also following documents are submitted to customs divisions in the place of goods receipt:
certificate of origin;
cargo customs declaration.
Responsibility for reliability of the documents submitted to customs authorities of the Republic of Uzbekistan carries person submitting the relevant documents.
12. After goods receipt under exchange import contracts to the Republic of Uzbekistan and acceptance by his buyer in accordance with the established procedure the clearing house of the exchange makes transfer of means in national currency of the Republic of Uzbekistan - bags into the account of the seller - the nonresident in clearing (clearing) house of the exchange which can be used only for payment of the export contracts signed at the exchange and exhibition and fair biddings, the customs duties, court costs and services which are directly connected with the conclusion and execution of exchange contracts (sales charges, broking commissions, transportation and other expenses according to the legislation).
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