IMPROVING THE ACTIVITIES OF CUSTOMS AUTHORITIES IN THE FIELD OF CURRENCY CONTROL IN FOREIGN TRADE OPERATIONS

Аннотация

This article examinestheactivities ofcustoms authorities in thefield ofcurrency control in foreign trade operations. Based ontheresults of theresearch, scientificproposals and practical recommendations are given. Keywords:Currency control, foreign trade operations, exportof goods,accounts receivable, information systems. Currency Control inCustoms Authorities Currency control within customs authorities refers to the activities aimed at ensuring residents and non-residents comply with the requirements of legislation on currency regulation, as established by currency control bodies. These activities include controlling the cross-border movement of currency to prevent the legalization of proceeds from criminal activity and to curb illegal financial flows. Currency control in customs authorities involves monitoring cross-border financial transactions, preventing the illegal outflow of capital, and ensuring compliance with currency regulations. With the growth of international trade, optimizing this process is crucial for effective customs operations. However, the increasing volume of global trade makes the implementation of currency control morecomplex. Currency control means the activities carried out by authorized currency control bodies to ensure that residents and non-residents comply with the legislation on currency regulation. Currency regulation refers to the activities of currency regulation authorities in establishing rules for the circulation, ownership, use, and disposal of currency valuables. One of the legal foundations for carrying out foreign trade operations is the Law of the Republic of Uzbekistan No. 573 “On Currency Regulation” dated October 22, 2019. The purpose of this lawis toregulate relations in thefield ofcurrency operations andcurrency control. Chapter 35 of the Customs Code of the Republic of Uzbekistan is titled "Monitoring of Foreign Trade Operations." This chapter includes:  Article243–Implementation ofmonitoring offoreign trade operations; 85 Volume 4, issue 5, 2025  Article 244 – Cooperation between customs authorities and other authorized bodies during themonitoringof foreign trade operations;  Article 245 – Measures taken when customs authorities detect signs of violations of currency legislation. Activities of Customs Authorities in theFieldof Currency Control Theactivities ofcustoms authorities in thefield of currency control includethefollowing:  During the monitoring of the execution of contracts (agreements, deals), the information available in the Unified Electronic Information System for Foreign Trade Operations is compared withthe customscargo declaration;  Compliance of the actual quantity, quality specifications, and assortment of goods with the information indicated in the Unified Electronic Information System for Foreign Trade Operationsis monitored;  The conformity of contracts with legislative requirements is verified, and the presence or absence of overdue receivables related to these contracts (agreements, deals) is determined (CustomsCode,Article 243);  Customs authorities cooperate with authorized bodies through the exchange of information, including via the Unified Electronic Information System for Foreign Trade Operations(Customs Code, Article 244). MainDirections ofCurrency ControlbyCustoms Authorities Customs authorities engage in:  Monitoringcontracts viathe Unified Electronic Information System;  Verifying accuracy of dataonquantity, quality, and type ofgoods;  Ensuring contract compliancewith legislation andidentifying overdue receivables;  Cooperating with otheragencies through data exchange. In case ofviolations, customs authorities notifytheStateTax Committeeregarding:  Unjustifiedprice differences;  Goods received from unlisted suppliers;  Otherlegislativebreaches. Upon confirmation, customs authorities may:  Refusecustoms clearancefor overdue receivables;  Impose additional duties;  Submitdocuments to competent authorities. Identification of Currency Legislation Violations and Actions Taken by Customs Authorities 86 Volume 4, issue 5, 2025 When signs of violations of currency legislation are identified, customs authorities notify the StateTax Committeeof thefollowingfacts:  Unjustified overstatement (or understatement) of the invoice value of imported (or exported) goods in the customs declaration compared to the declared value of the goods in the exporting(orimporting) country;  Goods being received from suppliers whoare not counterparties underthecontracts;  Other instances of violation of legislation during the execution of export-import operations. If the submitted facts are confirmed by tax authorities, or if facts of violations in the field of currency control are submitted byotherauthorized bodies, customs authorities are entitledto:  Refuse customs clearance of goods exported from the Republic of Uzbekistan under contracts untiloverdue receivables are settled;  Calculateand collect additional customs payments;  Transf