Export of seeds of melon, mustard and safflower has been allowed by Uzbekistan since November 2022

By the Decree of the President of the Republic of Uzbekistan dated September 30, 2022 “On measures to further expand the export potential of business entities”, Uzbekistan allowed the export of seeds of melon, castor oil, mustard and safflower. The export of these commodity items is allowed from November 1, 2022. According to Nuz.uz, the decree provides exporters with a number of benefits and benefits. It was determined that if the amount of currency not received under one export contract does not exceed 5% of the cost of all products shipped for export, it is not considered as overdue receivables and no fine is applied to the business entity; benefits in the form of a reduction in the taxable base for income tax and turnover tax are applied to exporting organizations, regardless of the share of export volume in the total proceeds received from the sale of goods (works, services). The proposal of the Ministry of Investments and Foreign Trade on the implementation of the selection ...