Business News
Temporary reduction of customs rates on import of raw materials
Business News
12/01/2020
The Council of Ministers of Bosnia and Herzegovina, at the proposal of the Ministry of Foreign Trade and Economic Relations of BiH, adopted a Decision on temporary suspension and temporary reduction of customs rates on import of certain goods until December 31, 2021.
The decision covers 64 tariff codes and it is a temporary measure in accordance with the Law on Customs Tariff.
The goods covered by this decision are materials and raw materials that are considered as raw materials used by BiH producers in their own production, for the production of finished products, in the production of products for export or they are substitutes for imported products, which cannot be obtained at the domestic market in the quantities and quality required for the production of finished products.
