A logistics company in Zhetysu had its administrative fine increased to 262.6 million tenge for violating requirements on repatriation of national and foreign currency. After the intervention of the prosecutor's office, an additional 55.7 million tenge was collected into the budget. This was reported by Qazaqyia.kz citing Kursiv Media.
According to the press service of the regional prosecutor's office, we are talking about a branch of a joint-stock company engaged in international multimodal logistics. The company was brought to administrative responsibility under paragraph 2 of Article 251 of the Code of the Republic of Kazakhstan on Administrative Offenses.
Initially, the Panfilov District Court imposed a fine of 206.9 million tenge on the branch. However, the prosecutor's office of the Panfilov district considered that the court did not fully take into account the requirements of Article 44 of the Administrative Code when imposing the penalty, and filed an appeal.
"The court of appeal upheld the prosecutor's position and increased the fine to 262.6 million tenge. Thus, thanks to the measures taken in response to the prosecutor's intervention, an additional 55.7 million tenge was ensured to be collected into state revenue," the supervisory authority reported.
Currently, the company has fully paid the administrative fine. 262.6 million tenge was received into the budget.
Earlier, Kursiv reported that Karaganda Su LLP was fined almost 10 million tenge for dirty wastewater.
What is currency repatriation?
Currency repatriation is the obligation of exporters to return foreign currency earnings to the territory of Kazakhstan. This requirement is aimed at ensuring the country's economic security and preventing illegal capital outflow abroad.
Administrative liability
According to paragraph 2 of Article 251 of the Administrative Code of the Republic of Kazakhstan, violation of requirements related to currency transactions entails the imposition of an administrative fine. The amount of the fine is determined depending on the nature of the violation and the volume of transactions performed.
Role of the prosecutor's office
This case demonstrates the important role of the prosecutor's office in protecting state interests. Prosecutorial supervision bodies, by filing appeals against court decisions, monitor the completeness of budget revenues.
Conclusion
The measures taken against the logistics company in Zhetysu made it possible to attract additional funds to the state budget. This case shows that violations of currency legislation do not go unpunished, and the prosecutor's office actively acts in such situations.