The transformation to a new system of custom duties kick-started from 1st January 2018, where there has been a pretty hefty amount of changes brought in by Azerbaijan. Especially in the custom rates where – previously since 2001 custom rates such as 0, 0.5,1,3,5,10 and 15 percent were applied in the country but commencing from now on, only custom rates of 0, 5 and 15 percent will be applied on imported raw materials and goods, where the 15 percent will be applied specifically on the import of finished products to Azerbaijan. Furthermore, majority of the goods (Raw materials and equipment) are free from custom duties and the custom duties for import of finished products to Azerbaijan has been increased 15% from 2018 onwards. However, considering the new system, two documents will be losing their force (Rates of Custom Duties on Goods Imported to Azerbaijan and List of Goods Subject to Export Custom Duties and Rates of Export Custom Duties).
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