1 Dec 2009 17:39

Russian customs revenue plummets 33% in 11 months

MOSCOW. Dec 1 (Interfax) - The Russian Federal Customs Service (FCS) collected 2.971 trillion rubles for the Federal Budget in January-November, down approximately one-third from 4.347 trillion rubles in the same period of last year, the FCS said.

November revenue was 329.02 billion rubles.

FCS chief Andrei Belyaninov said at the end of October his service would provide over 3.4 trillion rubles to the budget in 2009. The FCS's target for 2009 is 3.259 trillion rubles, of which VAT on imports will total 864.54 billion rubles, excise taxes on imports - 18.253 billion rubles, import duties - 473.464 billion rubles, export duties 1.883 trillion rubles and customs fees - 19.457 billion rubles.

The FCS must contribute 280 billion rubles to the budget in December in order to meet its target.