Russia: Import Fur Coats To Lower Taxes And Curb Gray Exports

According to the relevant foreign trade information, Russia has adopted policies and measures to reduce import tax on fur products this year in order to stop the import of "grey" and "black" fur products and increase national revenue.

Tariffs on imported fur products, mink coats, fox fur coats and rabbit fur coats, which have been imported from customs through customs channels, have been cut from 20% to 10%, which has led to a 50% decline in the sales prices of the above products in the Russian market.

The new rule involves both the suppliers of bulk commodities and the natural persons pporting fur through customs. This refers to the natural persons who carry more fur than the duty-free limit.

The implementation of this regulation makes the smuggling situation of Russian fur clothing less and less.

Trade competition under the protection of law will further reduce the price of fur products.

This modification measure is supported by the producers and the association of Japanese businessmen.

According to the original customs duty rate and value-added tax rate, the cost of customs duties paid by importers is equivalent to 40% of the cost of goods.

In order to reduce the cost, the supplier adopts the "grey" and "black" import means.

This makes the actual sales of fur products in the Russian market far exceed the number of official imports.

A large number of goods were imported through illegal means.

If the state finances are heavily damaged, the commodities that enter Russia through regular channels will also be sold to smuggled goods on the price.

Therefore, in order to purify the import, a tariff reduction method was adopted.

This measure lowered the import tax rate of footwear in Russia in 2006, and the official volume of footwear increased immediately.

In the tariff policy, there is a new measure to calculate customs duty instead of volume.

This approach will make pactions more pparent.

The more legitimate imports are, the more competitive the competition will be. In this case, importers will lower the selling price.

In addition, because of reduced costs, importers can also engage in clearance sales and other profit making activities at the end of the season, so that consumers can get tangible benefits.

The Russian Federation of producers suggested that the tax rate should be differentiated according to the price of fur coats. The low price fur clothing tax rate is higher, and the high priced and expensive fur clothing tax rate is lower, but this proposal has been temporarily rejected.

The Russian Federation of producers believes that this dual system can safeguard the interests of Russian leather importers, which refers to the leather traders who run low-priced fur coats, such as fur coats made from sheep's skin.

Mink, fox fur and rabbit fur coats are imported from abroad. Of course, the possibility of double standards is not ruled out. The government will monitor and evaluate the measures implemented within a few months, and then consider the issue of tax rates.

The above reduction of import tax rate will help our fur and leather products enter the Russian market through regular channels.

China's fur and leather enterprises and fur and leather enterprises should always pay attention to the adjustment and change of the import and export laws and regulations of Russia, and seize the opportunity to expand the export of fur leather garments to Russia in a timely manner.