The Cabinet of Ministers of the Republic of Uzbekistan approved the Regulation on the procedure for determining the customs value of goods imported into the customs territory of the Republic of Uzbekistan by Resolution No.160 dated April 6, 2022 (the “Regulation”). Resolution No.160 was adopted in accordance with Decree of the President “On measures to further improve the activities of justice bodies and institutions in the implementation of state legal policy” No.УП-5997 dated May 19, 2020.
In accordance with the approved Regulation, the determination of the customs value of goods and the procedure for their application is carried out by 6 methods. In this case, the first method is considered the main one and the following methods are applied only if it is impossible to apply the first method in sequential order.
Moreover, the Regulation specifies:
The Regulation comes into force on May 1, 2022.