What are the relevant laws regulating imports and exports?
There have been several laws issued quite recently which seek to regulate import and export of goods to and from Azerbaijan. One of the most important is the decree of the Cabinet of Ministers No. 222: “On The Organization Of Foreign Trade in the Azerbaijan Republic” and the associated Statute which followed the Presidential Decree, “On The Liberalization Of Foreign Trade in the Azerbaijan Republic” (April 5,1994). The law “On Export Duty” took effect on April 1,1995, and sets export duties on strategic goods. The Law, “On Amendments to th Law on Value Added Tax (VAT)”, (February 2, 1995) empowered the Cabinet of Ministers to produce a list of good exempted from VAT on import. The Decree of the Cabinet of Ministers on April 24, 1995, concerns rates of customs duties on imports and exports, and the Decree of April 6, 1995, deals with VAT exemptions on import. Bonded warehouses are dealt with by the Statute: “On Bonded Warehouses” (November 16, 1994).