KIEV, Aug. 4 – President Viktor Yanukovych has signed law No. 8217 amending the Tax Code and some legal acts (on improving some provisions of the Tax Code) aimed at resolving problems noticed in the first six months of the code's being in effect.

According to a posting on Parliament's Web site, the president signed the amendments on August 1.

The law permits chemical sector enterprises that use oil products as a raw material to buy them from local manufacturers and import them without having to pay excise taxes.