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Import of unregistered fuel highly controlled in Georgia

Import of unregistered fuel highly controlled in Georgia

Business Association of Georgia responds to the recent measures taken by the Revenue Service to prevent the import of unregistered fuel into the country.

According to the Association, as a result of constructive cooperation between the state and business, changes were made in several legislative acts related to the oil and gas import and distribution sector, which positively impacted both the industry and the dynamics of funds accumulated in the state budget.

Business Association of Georgia welcomes the Revenue Service measures to prevent the import of unregistered fuel.

"According to our information, during the last five months, the Revenue Service has detected and prevented up to 300 cases of unregistered fuel imports into the country, and the amount of money fined for violators reaches almost GEL 400 000. At the same time, many problems remain in the oil and gas import and distribution sector, the elimination of which requires the full implementation of the law by the relevant state structures and new legislative initiatives. As a result, we must achieve a competitive and fair business environment, which is the core of the country's economic progress and development. The Business Association of Georgia continues to analyze and monitor the problems accumulated in the oil and gas import and distribution industry and submitting them to various branches of government," the Association said in a statement.

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