The customs duty privilege is valid in several cases established by law. Upon receipt of a customs duty privilege, an individual or a legal entity is exempt from its payment.
Customs duty privilege is one of the forms of customs payment. Customs payments are charged for the movement of goods and vehicles across the customs border of the Republic of Armenia. They are collected by the customs authorities. Customs payments are also taxes, duties and other mandatory payments.
The customs duty privilege is provided within the framework of investment programs in areas considered priority for the government. These areas are determined by the Ministry of Economy.
They are՝
1) agriculture
2) industry
3) tourism
4) transport,
5) information technology
6) energy
7) healthcare
The customs duty privilege also applies to technological equipment imported as part of the investment program in certain regions.
Privileges are also provided for the import of components and components, raw materials and materials. If they are not manufactured in EAEU member states. Alternatively, equivalent commodities produced in EAEU member states do not match the technical criteria required for the investment program's implementation.
The following requirement applies for giving the customs duty privilege to the importation of raw materials and materials within the framework of the investment program implemented in priority areas. They must export at least 80% of the things they create.
Companies may apply to the relevant authorities to obtain customs duty privilege. Already on the basis of an application for the implementation of an investment program in a priority area, the state will provide a customs privilege for production activities. From time to time, we can monitor which companies have been granted customs duty privilege. For example, from September 2020 to August 2021, the government granted 31 privileges for exemption from customs duties to 29 economic entities.
The exemption from customs duty privilege is also provided՝
1. for goods coming to Armenia within the framework of humanitarian aid and charitable programs,
2. for cultural values exported in accordance with the procedure established by law in the "temporary export" mode and back,
3. for vehicles engaged in regular international transportation, when carrying out this transportation:
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