Article 32. Responsibility for non-payment or late payment of goods (works, services)

On contracting and legal basis of activity of business entities (670-I-son) · Date: 29.08.1998 · In force

For an unjustified full or partial refusal to accept a payment request, as well as for evading payment for goods (works, services) with other forms of payment (failure to submit a payment order to the bank, failure to issue a check, failure to issue a letter of credit, etc.) the buyer (customer) pays the supplier a penalty in the amount of 15 percent of the amount refused to pay or declined.

Upon late payment for the delivered goods (works, services), the buyer (customer) pays the supplier a penalty in the amount of 0.4 percent of the amount of the overdue payment for each day of the delay, but not more than 50 percent of the amount of the overdue payment.

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National Database of Legislation of the Republic of Uzbekistan (lex.uz). Original on lex.uz: lex.uz/docs/4403244

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Cite as: Article 32. Responsibility for non-payment or late payment of goods (works, services) On contracting and legal basis of activity of business entities (670-I-son). neolex.uz/en/laws/law-10872/32 (lex.uz/docs/4403244)