Russian Customs Exemptions for Foreign Aircraft are Back

5 March 2014
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The Council of the Eurasian Economic Commission has extended and broadened the customs exemptions with respect to foreign-manufactured aircraft temporarily imported in Russia.

This client update discusses the background and importance of such extension:

  • New deadline for placing the aircraft under temporary import – January 1, 2017;
  • Full conditional exemption from the payment of customs duties and taxes is available for up to 5 years;
  • More types of aircraft now qualify under the exemptions.