Common use of Exemption for Surplus Items Clause in Contracts

Exemption for Surplus Items. Any item imported by Project Company which is no longer required for use in the Project may be resold or re-exported free of any Taxes, excluding Value- Added Tax. If such item is sold in the Lao PDR, such sale shall be subject to applicable Taxes in accordance with applicable Lao PDR Law.

Exemption for Surplus Items. Any item imported by Project Company which is no longer required for use in the Project may be resold or re-exported free of any Taxes, excluding Value- Value-Added Tax. If such item is sold in the Lao PDR, such sale shall be subject to applicable Taxes in accordance with applicable Lao PDR Law.