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Custom value of imported goods – increase number of audits

The Russian customs authorities have recently started challenging royalty/license fee agreements of number of companies.

According to the media and official comments of the Federal Customs Service of Russia (FCS), the customs authorities have charged significant amounts of additional customs duties and initiated a criminal case against a large retailer in Russia for not including certain royalties in the customs value of goods.

Recently, the FCS announced that about 40 companies are on their ‘target list’, although information about this list is unavailable.

Source Mihaela Merz

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