Home       Top Rated       Submit Article     Advanced Search     FAQ       Contact Us       Lawyers in India       Law Forum     RSS Feeds     

Register your Copyright Online

We offer copyright registration right from your desktop click here for details.

Latest Articles | Articles 2014 | Articles 2013 | Articles 2012 | Articles 2011 | Articles 2010 | Articles 2009 | Articles 2008 | Articles 2007 | Articles 2006 | Articles 2000-05

Search On:Laws in IndiaLawyers Search

Mutual Consent Divorce in Delhi
We provide fast, cost effective and Hassle free solution.
Contact us at Ph no: 9650499965 (Divorce Law Firm Delhi)

E-mail login                       Password
     

Free Email Sign Up

Main Categories
 Accident Law
 Arbitration
 Aviation Law
 Banking and Finance laws
 Case Laws
 Civil Laws
 Company Law
 Constitutional Law
 Consumer laws
 Contracts laws
 Criminal law
 Drug laws
 Dubai laws
 Educational laws
 Employment / Labour laws
 Environmental Law
 family law
 Gay laws and Third Gender
 Human Rights laws
 Immigration laws
 Insurance / Accident Claim
 Intellectual Property
 International Law
 Juvenile Laws
 Law - lawyers & legal Profession
 Legal Aid and Lok Adalat
 Legal outsourcing
 Media laws
 Medico legal
 Miscellaneous
 Real estate laws
 Right To Information
 Tax Laws
 Torts Law
 Woman Issues
 Workplace Equality & Non-Discrimination
 Yet Another Category

More Options
 Most read articles
 Most rated articles

Subscription
Subscribe now and receive free articles and updates instantly.

Name
Email



Copyright Registration

To Copyright Your Books, Videos, Songs, Scripts etc
Call us at: 9891244487 / or email at: admin@legalserviceindia.com
Top Law Colleges

Law Updates:

# Income-Tax
# Family law
# Company Law
# Constitutional Law
# Partnership firms
# Immigration Law
# Cyber Law
# Lok Adalat, legal Aid & PIL
# Forms
# Trademarks
# Woman issues
# Medico Legal
# Consumer laws
# Criminal laws
# Supreme Court Judgments


Published : February 21, 2012 | Author : bnt_attorneys-at-law
Category : Tax Laws | Total Views : 4290 | Unrated

  
bnt_attorneys-at-law
Igor DYKUNSKYY, LL.M. (Augsburg) Rechtsanwalt, Partner Attorney-at-law bnt attorneys-at-law 13 Yakira Street UA - 04119 Kyiv Ukraine Tel.: 380 44 235 06 56 Fax: 380 44 235 20 76 igor.dykunskyy@bnt.eu www.bnt.eu
 

Tax privileges for import of energy-saving equipment into Ukraine

Ukrainian businesses that import energy-saving products such as energy-saving materials, equipment and components into Ukraine are exempted from payment of import duty and value added tax (VAT).

Under the Ukrainian Tax Code, imports of the following are VAT-exempt:

1) equipment that runs on renewable energy sources, energy-saving equipment and materials, tools for measurement, control and expenditure management of fuel and energy resources, equipment and materials for production of alternative types of fuels or for production of energy from renewable energy sources;

2) materials, equipment and components used for production of:

- equipment which runs on renewable energy sources;

- materials, raw materials and equipment to be used in production of alternative types of fuels or in production of energy from renewable energy sources;

- energy-saving equipment and materials, use of which provides cost savings and rational use of fuel and energy resources.

A similar provision is contained in the Ukrainian Customs Code, exempting energy-saving products from import duty.

The two mandatory conditions for exemption of energy-saving goods from payment of import VAT and import duties are:

- use of energy-saving products by Ukrainian business entities for own production;

- identical products with similar quality characteristics are not produced in Ukraine.

In addition, a product should be a new energy-saving product for a specific project, rather than intended, for example, for further resale.

A list of energy-saving products exempt from import duties and import VAT will be approved by the Cabinet of Ministers of Ukraine.

Ukrainian businesses that violate the conditions will have to pay import duty, VAT plus a suitable penalty. Monitoring of the intended use of imported goods into Ukraine will be by the local customs authority for the place where the Ukrainian business is registered and the Ukrainian National Agency for Efficient Use of Energy Resources ("National Agency").

The process for obtaining these privileges can be divided into several stages:

1) preparing a project, collecting documents and signing a supply contract with a foreign partner;

2) filing documents with the Ukrainian Ministry of Economy and obtaining permission from the Cabinet of Ministers for importation;

3) importing the products;

4) keeping the customs authorities informed of actual and intended use.

As a first step it is necessary to obtain:

- National Agency confirmation of the energy efficiency of the project;

- Ministry of Economics confirmation that similar products are not produced in Ukraine.

Documents must include, e.g., the energy efficiency rate scheduled to be achieved after project implementation, and a list of equipment planned to be imported.

After a contract for the supply of energy-saving products is signed, the package of documents is filed with the Ministry of Economy. If the decision is positive, the Ministry recommends that import of energy-saving products for the project be allowed. The next step is for the Cabinet of Ministers to exempt energy-saving products for the project from payment of import duty and import VAT. Once the exemption is granted, the Ukrainian business may bring the goods into the country.

Following importation, the Ukrainian business must report every month for three years on the intended use of the goods to the relevant customs authority.

This procedure seems rather burdensome and takes several months. At the same time it is worth noting that high-quality document preparation and proper maintenance will lead to the desired result and will save considerable sums of money.

Authors contact info - articles The  author can be reached at: bnt_attorneys-at-law@legalserviceindia.com




1 2 3 4 5
Rate this article!     Poor
Excellent    

Most viewed articles in Tax Laws category
Renting of Immovable Property - Service Tax
Export of Services- An analysis

Interpretation of taxing statute as strict construction and exemption
Deductions Under Section 80d & 80e Of The Income Tax Act
Assessment of Income From House Property
Carry Forward and Set off of Losses
The Bhopal Gas Tragedy: On Whether and How the Indian Companies Act, 1956 can be used to make a case for imposing social responsibility on corporations?
Regulatory Aspects of Venture Capital In India
The Double Tax Avoidance Agreement between India and Mauritius
Vodafone vs. Union of India
Leviability of Sales Tax to Actionable Claim
General Anti Avoidance Rule GAAR - An Indian and International Perspective
Custom Valuation & Transfer Pricing
Anti-Dumping Regime in Indian Scenario
Comparables and Transfer Pricing
Most recent articles in Tax Laws category
SEZ Eligibility under SEIS Scheme
Goods and Service Tax (GST) Working In India
Silent Features of GST Bill 2016
Why Tax Practitioners Bill Required For India
Non Resident Indian under Income Tax Act, 1961
Fearlessness of the Judiciary
Tax Implications on Business Reorganization Schemes
General Anti Avoidance Rule GAAR - An Indian and International Perspective
Comparables and Transfer Pricing
Interpretation of taxing statute as strict construction and exemption
Feasibility of GAAR for removing the practice of Tax Avoidance
Tax chages in Nepal by Finance Act 2067
Carry Forward and Set off of Losses
The Double Tax Avoidance Agreement between India and Mauritius
Custom Valuation & Transfer Pricing
Tax privileges for import of energy-saving equipment into Ukraine

Article Comments

there are no comments...

Post Your Comments
Name

Email

Your comments

Note : Your email address is only visible to admin, other members / users cannot see it.

You can use following FXCodes


BOLD : [b]
Italic : [i]

[b] Legal Services India [/b] is a [i]nice website[/i].
[url= http://www.legalservicesindia.com/article/ ]click here to visit.[/url]

Legal Services India is a nice website.
Click here to visit

 

Note : Currently, user comments are moderated and will be posted only after approval.



Welcome!
Please login or register a new free account.

Random Pick
The Evidence Act has been amended by virtue of Section 92 of Information Technology Act, 2000. Section 3 of the Act was amended and the phrase All documents produced for the inspection of the Court were substituted by All documents including electronic records produced for the inspection of the Court

Statistics
» Total Articles
1375
» Total Authors
3989
» Total Views
15549567
» Total categories
40

Law Forum


Legal Articles

Lawyers in India- Click on a link below for legal Services

lawyers in Chennai
lawyers in Bangalore
lawyers in Hyderabad
lawyers in Cochin
lawyers in Pondicherry
lawyers in Guwahati
lawyers in Nashik

lawyers in Jaipur
lawyers in New Delhi
lawyers in Dimapur
lawyers in Agra
Noida lawyers
lawyers in Siliguri

For Mutual consent Divorce in Delhi

Ph no: 9650499965
For online Copyright Registration

Ph no: 9891244487
Law Articles

lawyers in Delhi
lawyers in Chandigarh
lawyers in Allahabad
lawyers in Lucknow
lawyers in Jodhpur
Faridabad lawyers

lawyers in Mumbai
lawyers in Pune
lawyers in Nagpur
lawyers in Ahmedabad
lawyers in Surat
Ghaziabad lawyers

lawyers in Kolkata
lawyers in Janjgir
lawyers in Rajkot
lawyers in Indore
lawyers in Ludhiana
Gurgaon lawyers

TOP

India's Most Trusted Online law library
Legal Services India is Copyrighted under the Registrar of Copyright Act ( Govt of India) 2000-2016
 ISBN No: 978-81-928510-1-3