The Cabinet Ministers adopted a decision on revision of customs duties for a number of imported goods on November 5. The decision comes into force in 30 days after its promulgation.

Until September 30, 2027 a zero customs duty will be introduced for imports of preparations for etching metal surfaces, powders and pastes for low temperature brazing, high temperature brazing or welding, consisting of metal and other materials (nomenclature foreign trade code – 381010) and silicon manganese steel wires (TN VED – 722920). These goods were subject to a 5% import duty.

According to the State Customs Committee, 126 tons of goods HS 381010 (total declared value – $290,300) and 341 tons of goods HS 722920 ($638,000) were imported in Azerbaijan during the first eight months of the year.

The term of exemption from 15% import duty on textile materials required for medical masks (TN VED – 560311, 560312 and 560313) and other finished fabrics (HS – 630790), is extended for two years – until December 31, 2024.

In January-August this year, 704 tons of textile materials required for the production of medical masks worth $1.9 million and 412.8 tons of prefabricated weaving materials worth about $2.6 million were purchased abroad.

At the end of December this year, customs duties on imports of disposable syringes (TN VED – 901831) worth at a rate of $0.02 to $0.04 per unit expired. A decision has been adopted to extend these duties for another two years. The exception is insulin syringes. They will continue to be imported at a zero rate.

Source: Turan News Agency