Verkhovna Rada to increase imports duties for 100 types of goods in 2013

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Nov. 7, 2012, 1 p.m. | Business — by Interfax-Ukraine

The higher import rates could bring an additional Hr 500 million to Ukraine's budget.
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The Ukrainian parliament is to increase the import duty rates for around 100 commodities to the maximum level agreed by Ukraine and the World Trade Organization (WTO) from January 1, 2013.

A total of 264 lawmakers supported amendments to the law on Customs Tariff of Ukraine (No. 9241-d), the authors of which are the head of the profile committee, Regions Party MP Vitaliy Khomutynnik, and his faction colleagues Andriy Pinchuk, Vasyl Horbal and Oleh Tsarev.

The document foresees an increase in the import duty rates for products of organic and inorganic chemistry (groups 28 and 29), stucco, lime and cement (group 25), dye, pigments, painting materials, pastes, varnish (group 32) and other goods.

Khomutynnik said that the increase in the rates could bring an additional UAH 500 million to the country's budget.

The initial wording of the document foresaw the increase in the rates for more than 500 goods, which could bring UAH 2 billion to the budget.

The lawmakers decided not to increase duties on industrial goods (groups 1-24) plastic, polymeric materials and products made of them, chemical products (groups 38 and 39) and machines, equipment and mechanical devices, electrical machines, equipment, and spare parts (groups 84 and 85).

As reported, on May 15, 2012, some 230 lawmakers supported draft law No. 9241-d at first reading.

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