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The EAEU new Customs Code will enter into force on January 1, 2018

The EAEU new Customs Code will enter into force on January 1, 2018

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11/14/2017

Ratification of the Treaty on the Customs Code of the Eurasian Economic Union (EAEU) will be completed before the end of the year. Presidents of the Union countries reconfirmed their readiness to contribute to the rapid signing of document, having signed the joint statement prepared following the results of the Supreme Eurasian Economic Council on October 11, 2017.

The Customs Code has already been adopted and approved in Belarus and Russia by the lower and upper houses of the legislative authorities of these countries - the National Assembly of the Republic of Belarus and the Federal Assembly of the Russian Federation. The Parliament of the Republic of Kazakhstan, the Mazhilis, has also approved the document. In Armenia, it has been approved by the Constitutional Court of the Republic and is now in the process of ratification in the National Assembly of the country. In Kyrgyzstan, the document is under consideration by the Supreme Council of the Republic - the Zhogorku Kenesh of the Kyrgyz Republic.

The Customs Code of the EAEU will replace the Custom Code of the Customs Union acting from mid-2010.

The Union's new customs legislation is developed taking into account the current level of development of electronic technologies and contains a lot of useful novels for entrepreneurs. Thanks to this fundamental document, customs technologies will become digital. The CC of the EAEU eliminates many problems accumulated in law enforcement practice. The new Code legally establishes a possibility for a foreign trade operator to perform most operations from their computers via the Internet with a digital signature, interacting with the information system of the customs authority.

At the same time, the new customs legislation will relieve foreign trade operators from having to present documents to a customs authority, on the basis of which the electronic declaration was filled out. The documents will have to be provided only in those cases where risk profiles will alert, and it will be only those documents selected by the information system, and not by a customs officer.

In some cases, decisions on registration of the goods declaration, the registration itself, as well as a decision on release of goods may be taken by the information systems automatically, without the involvement of an inspector.

According to the new Code, the time of release of goods will be reduced to four hours, while the standard release time, established in the Customs Code of the Customs Union is more than a day.

The new Code transfers the customs control as much as possible to the point after the release of the goods, and also establishes an opportunity to use a number of delays in the payment of customs duties.

After the entry into force of the Customs Code of the EAEU, the situation of market participants working in the status of authorized economic operators will improve, and new special simplifications will make this status even more attractive.

The new Code establishes legislative opportunities for the full implementation of the “single window” mechanism in the system of regulation of foreign economic activities, which is also being worked on now in the EAEU.

In a joint statement, it is highlighted that the date of the entry into force of the document - January 1, 2018 - will not be postponed, and citizens, business entities and state agencies of the Union countries must be prepared to work in the new conditions, keeping in mind the new Customs Code of the EAEU.