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.