Uzbekistan adopts measures to ensure stable supply of cement in domestic market
08/05/2018 23:56
Uzbekistan adopts measures to ensure stable supply of cement in domestic market
08/05/2018 23:56
Tashkent, Uzbekistan (UzDaily.com) -- Uzbek President Shavkat Mirziyoyev signed a resolution "On additional measures for stable provision of a domestic market with cement".
The resolution emphasizes that the volume of cement production in Uzbekistan and the pricing mechanisms for it have a negative impact on ensuring the quality and timely completion of the construction of facilities.
In accordance with the document, monopoly enterprises will sell cement in the amount of 2 million tons under bilateral agreements with 100% prepayment at a price of 367,000 soums per ton (including VAT) to contractors, which re building affordable housing for citizens in need of better housing conditions, objects of social sphere, transport infrastructure and water management facilities at the expense of centralized sources.
The head of Uzbekistan also increased the threshold for producers of cement, after which the revenue received is considered a super profit.
In particular, the amount of tax base for cement increased from 145,000 soums per ton, to 280,000 and clinker - from 120,000 soums to 260,000 soums.
The President gave the right to the Cabinet of Ministers to review the amount of the taxable base, based on the conjuncture of prices at exchange trades.
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