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Oily Loophole in Export Law Closing
Head of the Federal Customs Service's department of federal customs income Boris Shkurkin announced yesterday that legislative loopholes in the Customs Code that allow exporters to save money on fluctuating duties would be corrected in the spring of next year. The customs service says it looses $24.4 million every two months from oil exports alone because of the loopholes.
The customs service is behind schedule in meeting its income goals from export duties, another official, deputy director of the Federal Customs Service Tatyana Golendeeva, announced yesterday. Oil is supposed to contribute 1.266 trillion rubles in export duties this year.
Faulty legislation is being blamed for the shortfall in export duties. They allow oil exporters to pay the rate previous to the one in force at the time of export by filing a temporary customs declaration and paying the duty in force at the time of filing rather than at the time the goods actually cross the border. Duties on oil change every two months. There is no law on paying the difference once the duty changes.
Shkurkin stated that the amendments had been conciliated among all interested agencies and is now being looked at by the presidential administration. He said that the amendments would also apply to lumber and grain exports.
www.kommersant.com
All the Article in Russian as of Dec. 07, 2007
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