BAKU, Azerbaijan, July 17. President Ilham
Aliyev signed a law amending the Law of the Republic of Azerbaijan
“On the Customs Tariff.”
The text of the document has been published on the official
website of the President of Azerbaijan.
According to the amendment, goods of Azerbaijani origin that are
wholly produced or have undergone sufficient processing in
accordance with the processing criteria by a legal entity in the
Alyat Free Economic Zone, and that are included in the list of
goods for foreign economic activity approved by the relevant
authority (institution), designated by the authorized executive
authority, shall be exempt from customs duties upon importation
from the Alyat Free Economic Zone into the main economy in
accordance with the procedure established by the relevant authority
(institution) designated by the authorized executive authority,
provided that at least 50 (fifty) % of the volume of such goods is
exported outside the country.
This exemption from customs duties is valid for 15 years from
the date of establishment of the Free Zone legal entity that
manufactures or processes the relevant goods.
The law takes effect on January 1, 2027.
In addition, President Ilham Aliyev signed a decree on the
implementation of the law amending the “Customs Tariff” Act and
amending the decree “On the Implementation of the ‘Customs Tariff’
Act” dated July 4, 2013.
According to the decree, the Cabinet of Ministers is required,
within three months, to determine the list of goods of the Republic
of Azerbaijan imported from the “Alat” Free Economic Zone into the
main economy without payment of customs duties, that are wholly
produced by a legal entity within the free zone or properly
processed in accordance with the processing criteria set forth in
the Commodity Nomenclature for Foreign Economic Activity, as well
as the procedure for importing these goods from the free zone into
the main economy, and to notify the President thereof, and to
resolve other issues arising in connection with the updated
law.
