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Documents

Amendments to the Law on Customs Tariffs

Vladimir Putin signed Federal Law On Amendments to the Russian Federation Law on Customs Tariffs.

December 4, 2012
13:50

The amendments concern procedures for setting export duties on crude oil and certain types of oil products.

In particular, the Russian Government will set export duty rates for crude oil and certain oil products based on the average oil price on the global oil market. Acting on this basis, the federal agency empowered by the Russian Government will then calculate the specific rates and inform the customs authorities and market actors accordingly.

The law vests the Russian Government with a set of powers to use particular calculation methods in order to promote the marginal oil-field development. 

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  • Customs

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Published in section: Documents

Publication date: December 4, 2012, 13:50

Direct link: en.kremlin.ru/d/17050

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Amendments to the Law on Customs Tariffs

http://en.kremlin.ru/acts/news/17050

Last updated at March 20, 2015, 18:01

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