Uzbekistan permits buy of copper uncooked supplies by means of trade buying and selling in installments

TASHKENT, Uzbekistan, February 21. Uzbekistan
permits buy of copper uncooked supplies by means of trade buying and selling in
installments, Development studies.

Presidential decree “On measures to additional speed up deep
processing of copper uncooked supplies within the Republic” was adopted
(Authorities Decree No. 77 of February 19, 2024)

In response to the decision, it’s allowed to make 25 % of
funds for copper uncooked supplies bought by means of trade
buying and selling within the type of advance fee, the remaining 75 % –
to pay inside 90 days after receiving copper uncooked supplies.

On the identical time, complete charges payable for every day of offering
the opportunity of fee in installments for copper uncooked supplies
shall be set within the following quantities:

– for the a part of funds made inside 30 days – no curiosity
shall be calculated;

– for the a part of funds created from the thirty first day inside 60 days
– curiosity on the fee of fifty % of the principle fee of
Uzbekistan’s Central Financial institution shall be calculated;

– for the a part of funds created from the 61st day inside 90 days
– curiosity shall be calculated on the fundamental fee of the Central
Financial institution.

The decision turns into efficient on April 1, 2024, and its
necessities don’t apply to contracts concluded earlier than April 1,
2024.