The Committee on Taxation and Customs Policy recommends that the Parliament adopts the Bill on Amendments to the Customs Tariff of Ukraine (Rates of Tariffs) as a Basis and in its Entirety

26 October 2009, 11:29

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The Bill (Reg. No. 4726) submitted by the Cabinet of Ministers reduces the rates of import duty on livestock from з 5-15% to 1%, on cullet, glass scrap and other glass waste from 5% to 0 %, on the equipment for shipbuilding branch that is not manufactured in Ukraine from 0,5%-5 to 0%.

 

The Bill also reduces the rates of import duty on the industrial equipment non-manufactured at the enterprises of Ukraine and certain other equipment used in the motor industry from 2-5% to 0 %.   

 

The Bill presupposes that the motor industry enterprises will increase the amounts of production due to the re-equipment and manufacture of produce with enhanced competitive ability.