DUTY FREE STORE CHAIN (ARMENIA) TO BE AUDITED THIS MAY

ARKA
March 18, 2009

YEREVAN, March 18. /ARKA/. The Armenian store chain Duty Free will
be audited by the European Union (EU) this May, Chief of the Head
Civil Aviation Department of Armenia Artem Movsisyan told reporters.

He pointed out that the alcoholic beverages and perfumes purchased
by Armenian passengers from the Duty Free stores in Armenia are not
allowed to be transported as hand luggage to European countries.

"The EU audit in Armenia will allow the country to register the level
of assurance for products to enable transit passengers to transport
the goods purchased from the Duty Free store chain in Armenia as hand
luggage to the third countries and to the EU states," Movsisyan said.

According to him, the Duty Free chains in the EU, Croatia and Singapore
are the only chains enjoying this privilege.

Movsisyan reported that numerous countries are expecting this audit
so May is the approximate term of audit in Armenia.

Duty-free shops (or stores) are retail outlets that do not apply
local or national taxes and duties.

Duty-free shopping is a bit of misnomer though because shoppers may
still have to pay duties in their home country on items purchased from
a duty-free shop. They are often found in the international zone of
international airports, sea ports or onboard passenger ships.

From: Emil Lazarian | Ararat NewsPress