On Measures to Strengthen Payment Discipline and the System of Mutual Settlements

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30.04.2021

25.09.2017

25.05.2009

04.07.2003

16.04.1998

24.01.1996

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Document lost its force 30.04.2021

[ OKOZ: 1. 03.00.00.00 Civil legislation / 03.11.00.00 Separate types of obligations / 03.11.17.00 Settlements (also see 07.21.03.00) / 03.11.17.01 General rules. Debtor and creditor debt; 2. 07.00.00.00 Legislation on finance and credit. Banking activity / 07.21.00.00 Banking activity / 07.21.03.00 Settlements and cash operations (also see 03.11.17.00, 07.21.04.00)] [ TSZ: 1. Finance / Monetary system. Settlements]

Decree of the President of the Republic of Uzbekistan

ON MEASURES TO STRENGTHEN PAYMENT DISCIPLINE AND THE SYSTEM OF MUTUAL SETTLEMENTS

This Decree has lost its force on the basis of Decree No. PF-6218 of the President of the Republic of Uzbekistan dated April 30, 2021 "On Comprehensive Systematization Measures for the National Legislative Base".

In order to strengthen the settlement system for produced products, increase the responsibility of commercial banks, enterprises, and organizations for observing payment discipline, and ensure the reduction of mutual debts: See previous edition. (Para. 1 has lost its force on the basis of Decree No. PF-5189 of the President of the Republic of Uzbekistan dated September 12, 2017 — National Database of Legislative Acts of the Republic of Uzbekistan, 2017)

2. Enterprises and organizations, regardless of ministries, departments, concerns, corporations, associations, and forms of ownership: See previous edition.

ship products to domestic consumers only after advance payment for at least 15 percent of the volume of supply, except for cases established by legislation;

See: Para. 7 of Resolution No. 225 of the Cabinet of Ministers of the Republic of Uzbekistan dated May 19, 2003 "On Further Improvement of the System of Supply with Oil Products and the Mechanism of Settlement in Their Sale". (Second sub-paragraph of Para. 2 in the edition of Decree No. PF-3274 of the President of the Republic of Uzbekistan dated July 4, 2003 — Bulletin of the Oliy Majlis, 2003, No. 6-7, Art. 92) See previous edition.

conclude and execute contracts for the delivery of products (provision of services) for export where guarantees of authorized banks serving buyers are available. (Third sub-paragraph of Para. 2 in the edition of Decree No. PF-1988 of the President of the Republic of Uzbekistan dated April 16, 1998) See previous edition.

3. The State Customs Committee of the Republic of Uzbekistan shall not allow the export of goods and materials outside the republic in the absence of documents from the authorized bank confirming that a guarantee from banks serving buyers has been obtained. (Para. 3 in the edition of Decree No. PF-1988 of the President of the Republic of Uzbekistan dated April 16, 1998)

4. The Ministry of Finance of the Republic of Uzbekistan and the State Customs Committee shall introduce, starting from February 1, 1996, the separation of overdue debtor and creditor debts in the balance sheets of enterprises and organizations in the accounting system. See previous edition.

5. The Ministry of Justice of the Republic of Uzbekistan, together with the Ministry of Finance, the Central Bank, and the State Customs Committee, shall prepare proposals within one month on introducing changes and additions to the current legislation arising from this Decree. (Para. 5 in the edition of Decree No. PF-1988 of the President of the Republic of Uzbekistan dated April 16, 1998)

President of the Republic of Uzbekistan I. KARIMOV

Tashkent city,

January 24, 1996,

No. PF-1363 (Bulletin of the Oliy Majlis of the Republic of Uzbekistan, 1996, No. 1-2, Art. 6; 2003, No. 6-7, Art. 92; Collection of Legislation of the Republic of Uzbekistan, 2009, No. 22, Art. 257)