1 Dec 2009 15:20

Russian govt approves draft Uniform Customs Code

MOSCOW. Dec 1 (Interfax) - The Russian government has approved a draft Uniform Customs Code between Russia, Belarus and Kazakhstan and has submitted the document for signing by the Russian president.

The draft Customs Code has been approved by the Russian governmental decree on November 26.

The document proposes to introduce as of July 1, 2010, an institute of special economic operators having the right to use a facilitated customs clearance and control scheme. It also proposes to increase the duty payment period from 15 days to four months, and the period for completing a customs goods declaration from three to two days. The declarer will be able to make any changes in the customs declaration before and after the release of goods.

The document proposes to reduce the collateral security for customs carriers from 20 million rubles to 200,000 euro. Rail freighters would be exempt from depositing a collateral to secure goods delivery. Customs brokers would be replaced by a customs representative, and the amount of a collateral to secure the performance of its obligations could be reduced from 50 million rubles to one million euro.