New Eurasian Economic Union customs code to take effect Jan. 1, 2018
The new code covering Russia, Belarus, Armenia, Kazakhstan, and Kyrgyzstan includes the following provisions.
– Customs declarations may be submitted without being accompanied by supporting documents, although such documents must be in the filer’s possession when the declaration is submitted, be retained for five years, and be provided if requested pursuant to a risk analysis.
– Customs declarations will generally be submitted electronically and paper declarations will be used only in exceptional cases.
– Customs authorities will be able to use electronic systems to automatically register customs declarations and release goods.
– The regulations applied by EEU member countries to incomplete and periodic declarations, as well as declarations for products that have not been assembled or have been disassembled, will be harmonized.
– Goods imported during the implementation of investment projects may be released before submission of the customs declaration in accordance with the legislation of EEU member countries.
– Customs declarations may be registered a maximum of one hour after they are submitted.
– Goods may be released a maximum of four hours after the customs declaration is registered if customs authorities do not request supporting documents or impose any form of customs control to verify information in the declaration.
– Authorized economic operator status will be recognized throughout EEU member countries and may be obtained by all entities involved in international trade, including importers, exporters, carriers, customs representatives (brokers), and owners of temporary storage or customs warehouses.
– EEU members may offer mutual recognition to foreign AEOs in the future.
Customs declarations may still be filed only in the EEU country where the filer is registered as a legal entity, and the goods should be located in the territory of the country where the declaration is filed. It is anticipated that no earlier than 2020 filers will be able to file customs declarations to any customs authority in any EEU member country regardless of where the filer is located.
All EEU member countries were required to amend their national customs legislation to conform with the EEU customs code, which required significant changes in some cases. Entities involved in international trade with these countries should be prepared to face difficulties for at least the first year as authorities work to develop and implement these changes.
For detailed information on the upcoming changes and how to prepare your company, please contact us.
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