COUNCIL OF MINISTERS REGULATIONS NO. 9/1996 COUNCIL OF MINISTERS REGULATIONS TO AMEND THE INVESTMENT INCENTIVES REGULATIONS
These Regulations are issued by the Council of Ministers Pursuant to Article 5 of the definition of powers and Duties of the Executive Organs of the Federal Democratic Republic of Ethiopia Proclamation No. 4/1995 and Article 9 of the Investment Proclamation No. 37/1996.
1. Short Title
These Regulations may be cited as the “Investment Incentives (Amendment) Council of Ministers Regulations No. 9/1996.”
Article 13 of the Investment Incentives Council of Ministers Regulations No. 7/1996 is hereby deleted and replaced by the following new Article 13:
“13. Machinery and Equipment to be Imported Duty
Free for Manufacturing Investments
Machinery and equipment and accessories thereof, necessary for manufacturing purposes together with spare parts of up to 15% of their total value as well as equipment and materials to be used directly for the construction of industrial buildings and not locally produced shall be allowed to be imported free of customs duty.”
3. Effective Date
These Regulations shall enter into force as of the 25th day of October, 1996.
Done at Addis Ababa, this 25th day of October, 1996.
PRIME MINISTER OF THE FEDERAL
DEMOCRATIC REPUBLIC OF ETHIOPIA