(Tax News Reporter - Week Ended 26 November 1996)
When the benefit of the temporary imporation regime is claimed in respect of a car, customs authorities currently require a deposit for the customs payments potentially due. This deposit is only reimbursed after the car has physically left Russia (see Tax News Reporter of 21 August 1996). Instead of a deposit for customs payments that is reimbursed to the importer after the car has physically left Russia, the Moscow customs authorities now accept a bank guarantee. The customs have instructions to accept guarantees of the Menatep bank, whilst guarantees of other banks can be accepted on a case-by-case basis.
Order of the Moscow Customs Directorate of 18 October 1996 No. 68
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