The Verkhovna Rada of Ukraine adopted the Law "On Amendments to certain Laws of Ukraine concerning Improvement of External Balance of Ukraine under the Conditions of the Global Financial Crisis"

23 December 2008, 13:52

The legislative act supplements the effective Law "On the Customs Tariff of Ukraine" with a regulation "concerning a temporary extra charge to the current rates of import duty on certain goods, which can be applied in case of a critical condition of the external balance of Ukraine".

 

Pursuant to the Law, "in case the external balance of Ukraine reaches a critical condition, the procedure of introduction, alteration and cancellation of a temporary extra charge to the current rates of import duty on certain goods is applied as an exception".

 

Pursuant to the Law, "the list of goods on which a temporary extra charge to the current rates of import duty is established, the rate of charge, alteration of the said list and the rate of a temporary extra charge is defined by The Verkhovna Rada of Ukraine on the grounds of a submission of the Cabinet of Ministers of Ukraine". 

 

A relevant Bill was registered at The Verkhovna Rada of Ukraine by Reg. No.3379.