SRC warns importers not to cheat or hide freight

SRC warns importers not to cheat or hide freight

According to EEU rules, Armenia charges extra cost (41,5 percent of custom value) from importers of dumping products.

In order to avoid this payment, a businessman should not cheat and hide freight. State Revenue Committee has revealed a similar case. A businessman has imported 13 tons of roller bearings from China, mentioning UAE as production country, so as to avoid additional taxes. Yet customs officers appeared more inventive – giving time to business formation, then demanding to open the suspicious truck. 

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