You're reading: Parliament specifies imported goods in publishing exempted from customs duty

The Verkhovna Rada, Ukraine's parliament, has specified a list of imported goods in the publishing sphere that are exempt from customs duty until January 1, 2015.

A total of 272 out of 392 MPs registered in the session hall on Tuesday supported draft law No. 8096 on amendments to Article 19 of the law on the single customs tariff regarding the taxation of imported goods for publishing activities.

The document says that until January 1, 2015 folding machines, bookbinding machines, sewing-machines, stapling machines, clinchers, filar-free binding machines and some types of paper-cutting machines are to be given individual codes in the Ukrainian classification of goods of foreign economic activities, and are exempt from customs duty.

Before the said amendments, the article included the above-mentioned machines under one code, which was named equipment for book-binding, including stapling machines, other equipment for production of goods from paper or cardboard, including paper-cutting machines of any type.

According to an explanatory note to the draft, the document foresees changes to the paragraph "o" of Article 19 of the law on the single customs tariff through stipulation of individual codes for these goods, and their description.

According to the note, the draft law was drawn up to eliminate a conflict in Ukrainian law in the correspondence of individual codes of goods to the descriptions of these goods.