The Ukrainian company has been seeking ASIC miners' custom clearance for a year and a half: during this time, their cost has halved

by in Blockchain News

SpetsHash seeking ASIC miners' custom clearance

The Kyiv-registered company "СпецХеш" (SpetsHash) won a trial at the local customs, which more than tripled the VAT on the clearance of four ASIC miners. This reports the Youtube channel BlockchainTalk.

In April 2018, SpetsHash bought four Antminer S9 devices at a price of $350 per unit, but Kyiv customs required to pay tax on the basis that each ASIC costs $1,050. Since for customs clearance VAT is charged at a rate of 20% of the cost, in total, SpetsHash had to pay a tax of 920. With proper customs clearance, the amount should not exceed $280.

The company did not want to overpay and went to court. SpetsHash had to prove its case for almost a year and a half, taking into account the adjournment of meetings and the consideration of appeals. At the same time, the company could not use the equipment, the cost of which during this period decreased to $150.

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Lawyer Nikita Zavyalov, who represented SpetsHash in court, is convinced that their case created a judicial precedent that would not allow customs in the future to artificially raise the price for customs clearance of mining equipment.

Recall that in January 2018, a batch of ASIC miners in the amount of 13 million hryvnias (over $500.000) was seized at the Boryspil airport.