Vocabulary Notes on the Text. Pre-reading exercise

Customs Regimes

Pre-reading exercise

Unit 3

1. What does the term “Customs regime” mean?

2. Which of the Customs regimes do you know?

3. Which of the Customs regimes are used by sea port Customs?

Read and translate the text

1. "Goods Released for Free Circulation " (goods import) is the customs applicable regime when imported goods could be left permanently in Russia without any obligation to export. Goods released for free circulation stipulates following conditions:

a) payment of customs duties and taxes;

b) observance of economic policy measures and other restrictions.

2. "Goods Re-import " is the customs regime when Russian goods exported from Russia are re-imported on a fixed date without payment of customs duties and taxes. The following conditions must be observed:

a) goods should be re-imported into Russia within 10 years of the export date;

b) goods should be in the same condition as they were at the moment of export, except for natural deterioration or waste under the normal conditions of transportation and storage.

The customs agency of RF should return export customs duties and taxes paid at customs when goods were taken out of Russia if goods are re-imported within 3 years of the export date.

3. "Goods In Transit" is a customs regime valid when goods are transported between two customs locations in Russia under customs supervision and control (including transportation through the territory of foreign state) without payment of customs duties or taxes.

4. "Customs Warehouse" is a customs regime valid when imported goods are stored under customs supervision and control without payment of customs duties or taxes for the period of storage. Any goods can be put into customs warehouse, except goods prohibited for export or import. Goods intended for export in customs warehouse are free from customs duties or taxes, if duties or taxes are paid; these payments will be returned when goods are exported out of Russia. If goods are exempt from duties or taxes, customs fees are to be returned, goods must be exported within 3 months of entry to the customs warehouse.

5. " Duty Free Shopping " is a customs regime valid when goods are sold under the customs supervision on the customs territory (international airports or ports) without customs duties or taxes. Goods may be sold only in special duty free stores.

Free Circulation	свободное обращение
permanently	постоянно
observance	соблюдение
re-imported	ввезенные обратно
valid	действительный
be exempt from	освобождаться от
Duty Free Shopping	беспошлинная торговля

Дата добавления: 2014-12-29