AI-92 and AI-95 gasoline imports to Azerbaijan exempted from customs duty and excise tax

The Cabinet of Ministers has amended the decree on “Commodity nomenclature of foreign economic activity of the Republic of Azerbaijan, rates of import customs duties and rates of export customs duties”.

Report reports that, in accordance with a document signed by Prime Minister Novruz Mammadov, AI-92 and higher octane gasoline imported into Azerbaijan, including AI-95, is exempted from customs duties.

According to the change, the customs duty rate for these types of gasoline was reduced from 15% to 0%.

By another decision of the Cabinet of Ministers, the excise tax rate for imports of AI-92 and higher, including 95, was reduced from AZN 200 per ton to AZN 1. Both Cabinet decisions will not apply to aviation gasoline.

These orders will enter into force on September 1, 2019, and will be valid for 90 days.