(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
For further information contact Bauke van der Meer on tel: +7 503 232 5511 fax: +7 503 232 5522 or e-mail directly: Bauke_van_der_Meer@ru.coopers.com or enter a text search 'Coopers & Lybrand' and 'Business Monitor'
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
