Tuesday, December 5 2017 11:58
Alexandr Avanesov

The new Customs Code of the countries of the Eurasian Economic Union provides for a significant reduction of customs procedures

The new Customs Code of the countries of the Eurasian Economic Union provides for a significant reduction of customs procedures

ArmInfo. The new Customs Code of the countries of the Eurasian Economic Union provides for a significant reduction in customs procedures. Deputy Chairman of the Committee on State Revenues of Armenia Vakhtang Mirumyan stated this on December 5, presenting the draft law of the Republic of Armenia "On ratification of the agreement on the Customs Code of the Eurasian Economic Union" signed on April 11, 2017, in the National Assembly of Armenia.

According to V.Mirumyan, the new Customs Code provides for significantly reducing the time limits for declaring goods that are being moved on the territory of the EAGE countries, and the terms of their movement. In addition, contacts between representatives of customs services and subjects of foreign economic activity will be significantly reduced. So, the deadline for submitting declarations for goods from 2 hours is reduced to 1 hour. A certain role will be played by the directions of movement of goods across the customs border - green, yellow or red. When moving goods through the green zone, there will be no need to provide accompanying documents. They will be needed when moving through the yellow and red zones.

The document presents the principle of a "single window" of document circulation. It is also planned to introduce a system of prepayment for transactions, but this right will become voluntary for business entities, and will, in particular, solve problems with customs payments even at night. According to the document, customs payments can be extended for a period of 1 month, but already with payments and interest rates, based on the refinancing rates set by the Central Bank.

A preliminary information system will also be introduced, which will enable to quickly and efficiently manage risks and quickly cross the borders of the EAPC countries. At the same time, the availability of preliminary information is not a prerequisite. Obligatory conditions for the provision of preliminary information should be applied to goods that have certain limitations, for example, requirements for the phytosanitary condition of the goods.

Expanded and the list of perishable goods, which must cross the border in an accelerated mode. Similar measures will be applied to goods and equipment supplied as part of investment programs and exhibitions.  To conduct the entire operation for admission of goods across the customs borders of the EAEU countries, instead of one working day, from now on, it will be allocated up to 4 hours. According to the agreement, the parties also agreed with the application of six methods for determining the customs value of the goods, with the first method determining the determining value.

Nevertheless, the goods are subject to admission on the territory of the EEA countries, even if there are disagreements in determining the value of the goods. For individuals, the time limit for temporary import of vehicles from 6 months is extended by one year.

The Customs Code is also aimed at optimizing customs operations, further liberalizing customs regulations and codification of separately operating agreements within the framework of the EAEU. The basis of this system is the application of the principle of electronic declaring. The Code also provides for shorter terms of customs control, specifies the procedures for its conduct, identifies the types of customs control and means of providing it for the member countries of the Union.

Recall that on October 11, Russian President Vladimir Putin said at the conclusion of the meeting of the Supreme Eurasian Economic Council in Sochi that all the leaders of the EAEU countries spoke in favor of accelerated completion of the ratification of the common customs code so that it could enter into force in 2018. On the same day, Armenian President Serzh Sargsyan said that on the eve of the Constitutional Court of the Republic considered the agreement on the Customs Code of the Eurasian Economic Community. The president said that "in the near future" the document will be sent to parliament for ratification. The purpose of the agreement is to ensure uniform customs regulation in the EAEU.

POST A COMMENT
Input digits     


News
Will the EAEU expand? the Deputy Prime Minister of Armenia commentsWill the EAEU expand? the Deputy Prime Minister of Armenia comments
Grigoryan on Baku`s statements Grigoryan on Baku`s statements "about returning to the Zangezur  corridor" - "Even as a transport route, the issue will not be  discussed"
1000 large taxpayers of Armenia increased the volume of tax payments  by 6% per annum in the first quarter of 20211000 large taxpayers of Armenia increased the volume of tax payments  by 6% per annum in the first quarter of 2021
State agencies are on the list of large taxpayers in ArmeniaState agencies are on the list of large taxpayers in Armenia
Mher Grigoryan discussed with the EU delegation the work on  unblocking regional transportMher Grigoryan discussed with the EU delegation the work on  unblocking regional transport
Papikyan defies detractors-modernization of Metsamor NPP will be  continuedPapikyan defies detractors-modernization of Metsamor NPP will be  continued
Mher Grigoryan: The ban on the import of Turkish goods to Armenia is  likely to be extendedMher Grigoryan: The ban on the import of Turkish goods to Armenia is  likely to be extended
Mher Grigoryan: The Government of Armenia has provided financial  assistance to more than 150 thousand beneficiaries within the  framework of assistance programs for ArtsakhMher Grigoryan: The Government of Armenia has provided financial  assistance to more than 150 thousand beneficiaries within the  framework of assistance programs for Artsakh
Deputy Prime Minister Mher Grigoryan spoke with WB Regional Vice  PresidentDeputy Prime Minister Mher Grigoryan spoke with WB Regional Vice  President
Prime Minister reported on the problems in the Zangezur  Copper-Molybdenum CombinePrime Minister reported on the problems in the Zangezur  Copper-Molybdenum Combine
Ameriabank Launches Placement of New Bond Issues for USD 20 Million and AMD 5 Billion Ameriabank Launches Placement of New Bond Issues for USD 20 Million and AMD 5 Billion 
In Armenia, the number of terminated CMPTL contracts jumped 2.5 times  YoY in the first quarter of 2021 In Armenia, the number of terminated CMPTL contracts jumped 2.5 times  YoY in the first quarter of 2021 
MP from the MP from the "My Step" faction: Forecasts of the impending  depreciation of the dram have no economic basis 
Expert: Talk about the construction of a new nuclear power plant in  Armenia does not go beyond political rhetoricExpert: Talk about the construction of a new nuclear power plant in  Armenia does not go beyond political rhetoric
Ardshinbank together with Visa launched an electronic wallet within the Мobile banking appArdshinbank together with Visa launched an electronic wallet within the Мobile banking app
Melkumyan: Melkumyan: "Velvet" government failed in the modernization program of  Metsamor NPP 
Armenia`s trade sector was in decline in January-February 2021Armenia`s trade sector was in decline in January-February 2021
Revenue of the Armenian communications sector in January-February  2021 sank by 4.7% per annumRevenue of the Armenian communications sector in January-February  2021 sank by 4.7% per annum
Passenger transportation in Armenia delayed in decline due to the  coronacrisisPassenger transportation in Armenia delayed in decline due to the  coronacrisis
Get now, pay later, now the same priceGet now, pay later, now the same price
Armenia`s steel industry was in decline by March 2021Armenia`s steel industry was in decline by March 2021
Armenia reduced electricity generation by 5.8% per annum in  January-February 2021Armenia reduced electricity generation by 5.8% per annum in  January-February 2021
Expert: The Central Bank`s initiative is a signal to Expert: The Central Bank`s initiative is a signal to "money bags" or  life under the microscope
RA Issued Eurobonds Are Now Traded on Armenia Securities ExchangeRA Issued Eurobonds Are Now Traded on Armenia Securities Exchange
Armenia`s manufacturing industry continues to sinkArmenia`s manufacturing industry continues to sink
Two-year monitoring of the online labor exchange indicates the  restoration of business optimism-Vahan KerobyanTwo-year monitoring of the online labor exchange indicates the  restoration of business optimism-Vahan Kerobyan
SRC of Armenia encourages decent taxpayersSRC of Armenia encourages decent taxpayers
Converse Bank. New campaign for womenConverse Bank. New campaign for women
Pashinyan to EBRD President: The re-commissioning of transport  communications could help implement new joint projectsPashinyan to EBRD President: The re-commissioning of transport  communications could help implement new joint projects
“Evocabank” CJSC’s bonds have been listed on Armenia Securities Exchange for the first time“Evocabank” CJSC’s bonds have been listed on Armenia Securities Exchange for the first time
 Optimism of the authorities contrary to official statistics: What  will the Armenian economy face? Optimism of the authorities contrary to official statistics: What  will the Armenian economy face?
The Central Bank of Armenia announces its intention to intervene in  the foreign exchange market for the second time in 2021The Central Bank of Armenia announces its intention to intervene in  the foreign exchange market for the second time in 2021
On April 12, Ameriabank will start placing the next tranches of USD  and AMD bonds in the amount of $ 20 million and 5 billion dramsOn April 12, Ameriabank will start placing the next tranches of USD  and AMD bonds in the amount of $ 20 million and 5 billion drams
Ardshinbank and Visa offer smart Visa payment rings for the first time in ArmeniaArdshinbank and Visa offer smart Visa payment rings for the first time in Armenia
Armenia`s unemployment rate drops to 16% in 2020Armenia`s unemployment rate drops to 16% in 2020
Armenia`s SRC: The number of registered micro-entrepreneurship  entities increased by 18% Armenia`s SRC: The number of registered micro-entrepreneurship  entities increased by 18% 
The inflow of foreign investment into the Armenian economy has  declined by 39 in 2020%The inflow of foreign investment into the Armenian economy has  declined by 39 in 2020%
Ex-Minister: Creating a centralized register of bank accounts is an  attempt to adapt the Rolls-Royce engine to your own dreamEx-Minister: Creating a centralized register of bank accounts is an  attempt to adapt the Rolls-Royce engine to your own dream
Armenia`s foreign trade turnover decreased in January-February 2021  by 12.2% per annumArmenia`s foreign trade turnover decreased in January-February 2021  by 12.2% per annum
The financial regulator sees the feasibility of introducing a  centralized register of bank accountsThe financial regulator sees the feasibility of introducing a  centralized register of bank accounts
Armenia`s foreign trade turnover with the EU countries has been  delayed in declineArmenia`s foreign trade turnover with the EU countries has been  delayed in decline
Armenia`s national debt is approaching $9 billionArmenia`s national debt is approaching $9 billion
Armenia`s consumer market recorded inflation of 3.8% in Q1 2021 with  5.2% y-o-y inflation Armenia`s consumer market recorded inflation of 3.8% in Q1 2021 with  5.2% y-o-y inflation 
Up to 150 million cubic meters of Russian gas to be supplied to  Armenia through AzerbaijanUp to 150 million cubic meters of Russian gas to be supplied to  Armenia through Azerbaijan
IDBank offers the most flexible and profitable conditions for mortgage borrowersIDBank offers the most flexible and profitable conditions for mortgage borrowers
Armenia reduced exports of copper ore, increasing exports of zinc and  molybdenum concentrates and ores containing precious metalsArmenia reduced exports of copper ore, increasing exports of zinc and  molybdenum concentrates and ores containing precious metals
Russia and Brazil became the main sugar import markets for Armenia in  2020Russia and Brazil became the main sugar import markets for Armenia in  2020
EU Ambassador and Armenian NPP leadership discussed opportunities for  expanding cooperationEU Ambassador and Armenian NPP leadership discussed opportunities for  expanding cooperation
Deputy Minister: Unblocking of economic ties and transport  communications in the South Caucasus is beneficial to all partiesDeputy Minister: Unblocking of economic ties and transport  communications in the South Caucasus is beneficial to all parties
Moscow plans to discuss the prospects of creating logistics centers  for groupage cargo from ArmeniaMoscow plans to discuss the prospects of creating logistics centers  for groupage cargo from Armenia
Ardshinbank upgrades its branches in Hrazdan and DilijanArdshinbank upgrades its branches in Hrazdan and Dilijan
Armenia`s gross international reserves exceeded $3 billion for the  first time with a 33% jump in FebruaryArmenia`s gross international reserves exceeded $3 billion for the  first time with a 33% jump in February
Armenia and Malta move to eliminate double taxationArmenia and Malta move to eliminate double taxation
Armenian tax officials report over-fulfillment of quarterly tax  collection plan: Finance Ministry promises to take new heightsArmenian tax officials report over-fulfillment of quarterly tax  collection plan: Finance Ministry promises to take new heights
New WB forecast: Armenia ranks second in terms of GDP growth in 2021  among the EAEU countries, and at the rate of 2022 it shares the lead  with KyrgyzstanNew WB forecast: Armenia ranks second in terms of GDP growth in 2021  among the EAEU countries, and at the rate of 2022 it shares the lead  with Kyrgyzstan
New forecast of the Central Bank of Armenia for 2021: GDP growth by  1.4%, export growth by 1-3%, import decline 2-4%, unemployment rate  18.6%New forecast of the Central Bank of Armenia for 2021: GDP growth by  1.4%, export growth by 1-3%, import decline 2-4%, unemployment rate  18.6%
Telecom Armenia summed up the results of the <Coding skills> project Telecom Armenia summed up the results of the project 
The Armenian Stock Exchange is once again recognized as the The Armenian Stock Exchange is once again recognized as the "Best  Stock Exchange in the South Caucasus"
World Bank improves Armenia`s GDP growth forecast for 2021 to 3.4%World Bank improves Armenia`s GDP growth forecast for 2021 to 3.4%
The Central Bank of Armenia predicts an increase in the net inflow of  private transfers in the range of 7-9 in 2021%The Central Bank of Armenia predicts an increase in the net inflow of  private transfers in the range of 7-9 in 2021%
Read more


Exchange rates
16.04.2021
RUB6.890.10
USD522.201.00
EUR625.491.20
GBP719.540.96
CAD417.530.34
JPY47.980.06
CNY79.980.16
CHF568.043.05