Measures of the Czech National Bank No 66 / 1993 Coll.
Measures of the Czech National Bank for the procedure for making payments in freely convertible currencies for re-export operations under the Payment Agreement between the Czech Republic and the Slovak Republic
Valid
66
MEASURES
Czech National Banks
of 5 February 1993
on the procedure for making payments in freely convertible currencies for re-export operations under the Payment Agreement between the Czech Republic and the Slovak Republic
The Czech National Bank pursuant to § 36 (b) of the Act of the Czech National Council No. 6 / 1993 Coll., on the Czech National Bank, and pursuant to § 13 (3) of the Foreign Exchange Act No. 528 / 1990 Coll., as amended, determines the conditions for regulating the balance of payments and the procedure of foreign exchange banks in carrying out the free currency payments for reexport operations under the Payment Agreement between the Czech Republic and the Slovak Republic:
In accordance with Article 2 of the Payment Agreement between the Czech Republic and the Slovak Republic (hereinafter referred to as "the contract '), payments for supplies of goods and services purchased by an entity of one of the Contracting Parties in a third country and resold without any subsequent modification and change in the own quality of the goods and services supplied by the entity of the other Contracting Party shall be made in freely convertible currencies, unless something else arises from a previously concluded intergovernmental agreement which is bound by both Contracting Parties.
In particular, the following shall not be regarded as a subsequent modification and change of the own quality of goods and services for the purposes of implementing that Treaty:
- change of packaging, packaging into smaller or larger units, repackaging into other forms of packaging,
- handling operations,
- labelling and marking,
- simple mixing of products,
- preservation and similar procedures for the protection of goods,
- a combination of previous procedures.
For the settlement of debits and payments for supplies of goods and services under this measure, the payment title No 132 - re-export operation in relation to the Slovak Republic is introduced. With this payment title, the Czech Republic body will indicate its export and collection or import and payment in relation to the Slovak Republic entities.
Foreign exchange banks shall verify the accuracy of the use of the payment title on the basis of the documents submitted when carrying out the settlement referred to in Article 3.
This measure shall take effect on the day of its publication.
Governor:
Ing. Tošovský v. r.
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Regulation Information
| Citation | Measures of the Czech National Bank No. 66 / 1993 Coll., on the procedure for making payments in freely convertible currencies for re-export operations under the Payment Agreement between the Czech Republic and the Slovak Republic |
|---|---|
| Regulation Type | - |
| Author | - |
| Collection | Code of Laws |
| Date of Promulgation | 08.02.1993 |
|---|---|
| Effective from | - |
| Effective until | - |
| Status | Valid |
The regulation text is for informational purposes only.
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