Date: 7 months ago   Category: Industry

ECE has prolonged a zero customs rate for engines for "BelAZ" — Rambler News Service


Members of council of the Euroasian Economic Commission (EEC) have extended the validity of a zero rate of the import customs duty on separate types of internal combustion engines till September 30, 2019. "Till September 30, 2019 the validity of a zero rate of the import customs duty on piston internal combustion engines with ignition from compression (diesels or semi-diesels) for assembly of motor vehicles with effective engine cylinder capacity not less than 18,5 liters, with power not less than 500 kW is extended", - it is said in the statement of ECE. Earlier the rate has been lowered by decisions from 5% to 0% for the period from October 3, 2014 to September 30, 2018 inclusive. "Extension of period of validity of a measure will allow consumers of the career equipment to continue to buy dump trucks at lower prices due to depreciation of import engines which analogs aren't made in the union. This decision will help first of all Belarusian "BelAZ" to keep favorable conditions for development, will support its competitiveness in the internal and external markets", - have specified in the commission. Also members of council of ECE have brought rates of the import customs duties for industrial assembly into compliance with obligations of Russia in the WTO. "During accession to the WTO Russia has acquired the right during the transition period to use individual preferential rates of import duties (…) Period of validity of withdrawals expires on July 1, 2018 then they have to be raised by 3-10%. According to the decision of Council of ECE Russia will apply identical rates of the import customs duties to the autocomponents imported in the mode "for industrial assembly" and also in the usual mode for other purposes", - have noted in ECE.

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