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Parliament approves bill on introduction of export duties for gold ore.

The Parliament has approved introduction of export duties on goods exported from the territory of Kyrgyzstan in the first reading, Tazabek reported on June 10.

The bill suggests the following:

1) To state that export of ores and concentrates containing precious metals is permitted only if the price specified in the foreign trade agreement is not less than the cost of precious metals, excluding the value of their processing;

2) To set the rates of export duties on ores and concentrates of precious metals classified by the Harmonized Commodity Description and Coding System (HS) 2616;

3) To apply the rates of export duties on the goods specified in the bill exported from the customs territory of Kyrgyzstan, regardless of the country of destination;

4) To state that the duties do not charge the export of products of the Kyrgyzaltyn JSC.

Size of the proposed duties on ores and concentrates containing precious metals in line with HS 2616

Validity period of customs duties

Rates of export duties

Until July 1, 2015

15%

Until January 1, 2016

20%

Until January 1, 2017

25%

From January 1, 2017 and later

30%

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Publication:AKIpress News Agency
Date:Jun 11, 2015
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