news.am, Armenia
Nov 11 2010

Armenia’s wheat imports up

November 11, 2010 | 03:01

The RA Statistical Committee reports that Armenia imported a total of
314,000 tons of wheat this January-September – a decrease of 65,000
tons or 26% as compared with the corresponding period last year.

Armenia’s annual consumption of wheat totals 700-800 thousand tons,
with imports totaling 500,000 tons.

This year, wheat has been imported to Armenia at a customs value of
U.S. $250 per ton. However, the wheat was imported at a higher price,
but the Armenian Government made a political decision allowing the RA
State Revenues Committee to get customs clearance for the wheat at a
value of U.S. $250, for importers to pay lower VAT.

Thus, the Government granted them tax benefits.

From: A. Papazian