Article 49. Equivalent compensation for processed product

Equivalent compensation, that is, replacement of processed product, which is obtained from exported goods with another equivalent foreign product, shall be allowed based on authorization for processing of goods outside the customs territory, if an operation on processing goods outside the customs territory is repair and other cases based on a decision of the Cabinet of Ministers Republic of Uzbekistan.

For customs purposes, equivalent foreign goods are foreign goods that match a processed product, which is obtained as a result of processing of exported goods outside the customs territory, in description, quality, and technical characteristics.

In accordance with provisions of this Chapter, equivalent foreign goods shall be considered as a product of processing of exported goods upon import.

In case of equivalent compensation, import of equivalent foreign goods shall be allowed before export of goods for processing from the customs territory.