The Ukrainian Metal

Kyrgyzstan: deputies do not support introduction of customs duties on gold ore export

The deputies of the Parliament didn’t support the introduction of customs duties on the export of gold ore. The decision was made on November 9 at a meeting of the Parliament.

It was suggested that the rates of export customs duties on ore and concentrates of precious metals should be approved by the government at least at 25% of the customs value of the goods. Export of raw materials is allowed if the transaction price specified in the foreign trade contract is not less than the market value of precious metals.

The Parliamentary Committee on Economic and Fiscal Policy noted that the bill was returned with the president’s objection and rejected at the session of the Parliament on February 4, 2016. The government also gave negative conclusion. (24.kg/Ukrainian metal)

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