Bureaucracy of business to be reduced starting January

Bureaucracy of business to be reduced starting January

Starting January, bureaucracy in business will be reduced. For example, when importing a product, it will be cleared in four hours instead of a day. The news has been reported today in the State Revenue Committee. The clauses of the Customs Code, entering into force in Armenia in 2018, have been presented. SRC Vice President has mentioned that there is no line in the Customs Code on raising customs fees for certain products, starting next year. According to Vakhtang Mirumyan, the limits were established before, but were not applied thanks to exceptions done for us. The SRC vice president singled out the new opportunity given to the business: it will be possible to import a similar product from the same country. 

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