Contract monitoring
Under article 243 of the Customs Code, the customs bodies track the performance of foreign trade contracts. The data in the Unified Electronic Information System of Foreign Trade Operations are reconciled with the cargo customs declaration. Overdue receivables under the contracts are also identified.
Return of the earnings
Foreign currency must reach the foreign currency accounts of authorised banks in Uzbekistan in time and in full. Under article 171 of the Code on Administrative Liability, a breach of this rule brings a fine on officials of 8 to 12 BHM (base calculation amounts). Deliberate concealment of currency is a crime under article 178 of the Criminal Code. Set a realistic payment period in the contract — a delay brings liability.
Documents
The contract and its annexes; the invoice; the customs declaration; the transport documents; the bank documents. All of them must match each other.
If payment is late
If the buyer delays payment, send a written claim and keep a record of it. If a breach of currency legislation is confirmed, the customs bodies can refuse customs clearance of the exported goods until the overdue receivable is settled (article 245 of the Customs Code).