Sudan dating customs
Sudan dating customs
The applicant for a license may appeal to the Council against not resolving or rejection of his application, t provided that the council should resolve on the appeal within a period not exceeding one month from the date of receiving the application. Utilization or sale of any of the machines, equipment or specialized conveyance and its ancillaries against which concessions have been granted, to any object other than the licensed object, whenever all legally due obligations are met. Perform the project by construction of the building and the required facilities as per drawings approved by the competent authorities within a maximum period of one year of the date of signing the contract, unless such period has been extended pursuant to a decision issued by the Authority, for any period it deems suitable. To provide annually, the Authority and the concerned ministry throughout the validity period of the concession, with copies of the projects annual accounts certified by chartered auditor, and the Authority shall deposit a copy of these accounts with Chamber of Tax. The Assets and properties of the project shall not be subject to nationalization, seizure, confiscation or appropriation either wholly or partially, except for public interest against fair and immediate compensation. Re- transmission of invested capital in case of non-execution, liquidation or disposition of the project by any manner of disposition with the approval of the Authority, provided that all legally due obligations are met. Re- export , sale or assigning machines , equipments , goods, apparatus, transport conveyances or other ancillaries imported on the account of the project in case of non-execution of the project wholly or partially whenever all legally due obligations are met. Transfer of profits and financing cost of foreign capital or loans in the currency by which Central Bank of Sudan deals or the loan on maturity date, after payment of all legally due obligations of the project.2) For the purpose of item (1), the invested capital in foreign currency shall be determined and elements of capital in kind shall be evaluated by the Authority in co-ordination with the concerned authorities.
Whole or partial cancellation of the concessions and accordingly to oblige the investor to return back value of the material benefits gained from acquiring any previous privileges if acquiring such gain resulted from the occurrence of cause leading to issuance of the cancellation decision.
2) Production inputs of investment projects, not enrolled in customs duty tariff shall be subject to the same rate imposed on production inputs provided for in customs duty tariff as determined by the regulations.
1) Notwithstanding the provisions of any other Law , the Authority may allot the land required for establishing national or strategic investment project at encouraging rate in coordination with the states’ authorities .
The general secretary shall be the chief executive, accountable to Chairman of the Authority for his performance; and without prejudice to the generality of the foregoing he shall have the following jurisdiction and powers: 2) The commissioned persons representing the concerned ministries and the investment related departments shall be fully authorized the authorities they are representing in a manner not contradicting the jurisdiction granted pursuant to the Law, and they shall have the same jurisdiction and powers granted to the said authorities.
4) Notwithstanding the provisions of any other Law, all proceedings related to the provision of services to the investor shall be handled through one –stop gate system, including payment of fees against such services. Initial approval, for establishing the project based on technical, economical, environmental and social feasibility study, through the commissioner of one- stop gate system in the Authority as per the period of time fixed thereto. Customs duty on capital expenditures which are not enrolled in custom tariff, in coordination with the concerned ministry, provided that exemption for state investment project shall be made upon recommendation of the state minister to the Chairman of the Authority .
2) Notwithstanding the provisions of Article (1) all exemptions granted for imports of projects pursuant to the provisions of the previous investment laws shall be cancelled and the provisions of Article (21) shall apply, provided that the projects operating at the time of implementation of this Act which are organized under special agreements with the Republic of the Sudan, shall be exempted.
National Investment Lands: Means the lands allotted for the national Investments according to investment directives prepared in co-ordination with the competent ministries and states.4) The investor against whom the decision was passed pursuant to the provisions of item (2), may appeal to the Council with a maximum period of one month of the date of issuing the decision, and the decision in this respect shall be final and provided that this decision shall not preclude the investor to resort to the competent court.The Authority shall maintain accurate accounts satisfying, for its business according to sound accounting principles provided for in Financial and Accounting Procedures Act 2010 and the regulations issued thereto.3) The concerned authorities at states shall register lands for industrial and services projects; and shall carryout the detailed technical planning as well as preparation of the required maps and deposit them with the Authority for allotment.1) The Authority upon receipt of license application for any project, shall within maximum period of one week, grant initial approval for the establishment of the project, if the project satisfied all prescribed conditions.e) Intellectual property rights which includes copyright and neighbouring rights , trademarks, patents , industrial designs used in the project , provided that such rights satisfied protection conditions in accordance with the related law, and owned by the investor or licensed for its utilization .