The Committee on Taxation and Customs Policy recommends the Parliament to adopt the Bill on Amendments to the Law "On the Customs Tariff of Ukraine" (re Rates for Particular Cereal Crops)

01 March 2011, 17:19

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Опис : C:\Documents and Settings\Имя\Рабочий стол\2.jpgThe bill (Reg. No. 8117) amends the Customs Tariff of Ukraine to fix zero-rates of incentive and full rates of import duty on buckwheat (commodity heading 1008 10 00 00 of the Ukrainian Classification of Goods for Foreign Economic Activity) instead of the applicable 20-per-cent tariff duty.   

 

The Committee Chairman believes that adoption of the bill will regulate the situation in the domestic market connected with the deficit of buckwheat, stabilizing the prince and demand for it.

 

However, the Committee members rejected the legislative initiative concerning lifting of VAT from the operations on buckwheat supply and import.