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HEAD OF RUEA: USING INVOICE PRICE TO DETERMINE CUSTOMS VALUE WILL REDUCE CORRUPTION RISKS AND MAKE ARMENIA MORE ATTRACTIVE FOR INVESTORS
arminfo
Tuesday, September 11, 11:52
Using invoice price to determine customs value will help reduce
corruption risks and red tape, establish equal competition between
importers and make Armenia more competitive and attractive for
investors. Head of the Republican Union of Employers of Armenia (RUEA)
Gagik Makaryan made such statement when commenting to ArmInfo on the
Government-approved amendments to the Customs Code of Armenia. The
bill provides for determining the customs value of imported goods
mainly on the basis of the invoice price.
Makaryan said that the given customs reform will not boost import in
Armenia, but will lead to gradual facilitations of customs clearance
procedures on the example of Georgia, where customs services require
only two documents - invoice and waybill required instead of the
previous 26 documents.
The expert said that many importers are not able to fulfill all
the requirements of Article 87 of the Customs Code of Armenia. An
importer is required to fill a customs declaration with a long list of
points, while the invoice method will facilitate the customs clearance
procedures, which have already bored many foreign investors importing
goods in Armenia. In addition, the above Article is differently
interpreted for importers, which leads to unequal competition.
Makaryan is sure that the institute of customs broker should be either
liquidated or improved (like in Georgia) to avoid incorrect attitude
to businessmen.
The expert believes that the invoice-based determination of the
customs value will also lead to
arminfo
Tuesday, September 11, 11:52
Using invoice price to determine customs value will help reduce
corruption risks and red tape, establish equal competition between
importers and make Armenia more competitive and attractive for
investors. Head of the Republican Union of Employers of Armenia (RUEA)
Gagik Makaryan made such statement when commenting to ArmInfo on the
Government-approved amendments to the Customs Code of Armenia. The
bill provides for determining the customs value of imported goods
mainly on the basis of the invoice price.
Makaryan said that the given customs reform will not boost import in
Armenia, but will lead to gradual facilitations of customs clearance
procedures on the example of Georgia, where customs services require
only two documents - invoice and waybill required instead of the
previous 26 documents.
The expert said that many importers are not able to fulfill all
the requirements of Article 87 of the Customs Code of Armenia. An
importer is required to fill a customs declaration with a long list of
points, while the invoice method will facilitate the customs clearance
procedures, which have already bored many foreign investors importing
goods in Armenia. In addition, the above Article is differently
interpreted for importers, which leads to unequal competition.
Makaryan is sure that the institute of customs broker should be either
liquidated or improved (like in Georgia) to avoid incorrect attitude
to businessmen.
The expert believes that the invoice-based determination of the
customs value will also lead to