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Presidential Decree No. PP-103 “On additional measures to encourage the provision of the agrarian sector with modern agricultural equipment”.

Country/Territory
Uzbekistan
Document type
Regulation
Date
2023 (2023)
Source
FAO, FAOLEX
Subject
Agricultural & rural development
Keyword
Equipment Crops/grasses Financial agricultural measures Credit Subsidy/incentive
Geographical area
Aral Sea, Asia, Asia and the Pacific, Central Asia, CIS (Commonwealth of Independent States), Europe and Central Asia, Landlocked Developing Nations, North Asia
Entry into force notes
This Presidential Decree enters into force on the date of its official publication.
Abstract

The President, in order to carry out the necessary agrotechnical measures in the cultivation of agricultural crops in a timely and high-quality manner, meet the demand for agricultural machinery and equipment in the agricultural sector, improve the incentive system for the provision of modern and resource-saving machinery and equipment to replace obsolete machinery of agricultural enterprises manufactured in the Republic of Uzbekistan, according to which: all types of agricultural machinery and equipment, as well as their components and spare parts, from the date of release of which no more than 3 years have passed, imported from abroad by agricultural enterprises and business entities, according to the list formed in accordance with the established procedure, prior to January 1, 2025, as an exception, are exempted from paying customs duties (except for value added tax and customs clearance fees), from paying a recycling fee, as well as business entities are allowed to pay value added tax with a delay of up to 270 days from the date of their placement in the customs regime of release for free circulation (import); it is allowed to lease agricultural machinery and equipment to self-employed persons and individual entrepreneurs within the funds allocated to leasing companies by international financial institutions. This Presidential Decree recommends commercial banks to allocate borrowed funds for the supply of agricultural machinery to leasing companies, accepting the purchased agricultural machinery as collateral, an insurance policy or third-party guarantee as a 100% guarantee against the risks of non-repayment of borrowed funds for the entire loan period.

Full text
Russian
Website
lex.uz