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Economy 26/02/2024 The procedure for applying discounts when purchasing precious metals to be further improved.
The procedure for applying discounts when purchasing precious metals to be further improved.

Tashkent, Uzbekistan (UzDaily.com) -- By the Presidential resolution, additions were made to some regulatory legal acts.

The following additions have been made to the Presidential resolution “On measures to create favorable conditions for the further development of the jewelry industry”:

A procedure has been introduced for calculating interest for each day of using the opportunity to purchase precious metals with the condition of deferred payment, according to which:

no interest is accrued on part of payments made within 30 days;

for part of the payments made during the period from the 31st day to the 180th day, interest is accrued in the amount of the main rate of the Central Bank.

Also, the following additions were made to the Presidential Decree “On additional measures to expand jewelry production capacity and comprehensive support for domestic jewelry”:

Criteria have been established for business entities purchasing precious metals at exchange trading using discounts, according to which:

at least 70 percent of the jobs created must be blue-collar workers engaged in the manufacture of jewelry and precious metals;

employees hired for the created jobs must receive wages for at least 6 months and this fact must be confirmed by the tax authorities;

business entities must have the necessary material and technical base, equipment, other technical means, production areas and conditions.

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