Article 16. Application of compensation duty
On protective measures, antidumping and compensation duties (554-II-son) · Date: 11.12.2003 · In force
Compensation duty is a duty applied in excess of the import customs duty in relation to the import of subsidized goods.
The compensation duty is applied by decision of the Cabinet of Ministers of the Republic of Uzbekistan if, according to the results of the investigation of the authorized body, it was established that the import of subsidized goods causes serious damage or poses a threat of causing serious damage to the economy.
Import of subsidized goods is the import into the customs territory of the Republic of Uzbekistan of goods in the production, export or transportation of which a subsidy of a foreign state was used.
Compensation duty shall be applied to the amount and in the time frame necessary for the elimination of serious damage or threat of causing serious damage to the sector of the economy due to the import of subsidized goods.
Rate of compensation duties are not to be greater than the set investigation sized subsidy of a foreign state in the calculation on the unit corresponding to the subsidized goods at its import on the customs territory of the Republic of Uzbekistan.
It is not allowed to apply to one product at the same time compensation and antidumping duties.
