Central Bank fined Millikart LLC

15:22 - 19.02.2024


February 19, Fineko/abc.az. Millikart LLC has been fined.

ABC.AZ reports that a protocol on imposition of a fine under Article 430.4 of the Administrative Code has been drawn up in relation to the company and sent to the court.

This article says about the violation of the rules of currency regulation in the Administrative Code. The case will be considered in the Nasimi District Court of Baku, the judge is Anar Ibadzade.

Thus, if the relevant goods are not imported, work is not performed or services are not rendered within the prescribed time in exchange for foreign currency funds paid in advance, a fine in the amount of 20% to 30% of the amount of foreign currency funds that became the object of an administrative offense is applied to legal entities for non-return from abroad of the paid foreign currency funds.

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