Report Highlights:

The Russian Government amended the formula for calculation of the floating wheat export duty that was in force since July 1, 2015. The government increased the deductible portion of the wheat export duty from 5,500 rubles ($83.9) to 6,500 rubles ($99.1) per 1 metric ton (MT) and decreased the minimal amount of the duty from 50 rubles ($0.8) to 10 rubles ($0.15) per 1 MT. The new duty will apply to wheat exports starting on or after October 1, 2015.

General Information:

The Russian Government Resolution No. 1032 of September 29, 2015 amends the floating wheat export duty that was in force since July 1, 2015 [1] . The Government increased the deductible portion of the wheat export duty from 5,500 rubles ($83.9) to 6,500 rubles ($99.1) per 1 metric ton (MT). The minimal amount of the duty is reduced from 50 rubles ($0.8) to 10 rubles ($0.15) per 1 MT. Also the government lifted exports duties on durum wheat (HS Codes 1001 11 000 0 and 1001 19 000 0), and on planting seeds of other types of wheat (Codes 1001 91 100 0, 1001 91 200 0 and 1001 91 900 0). Thus, beginning from October 1, 2015, export duty on durum wheat and wheat planting seeds will be Zero (0), and export duty on other wheat will be calculated as 50 percent of customs value minus 6,500 rubles, but not less than 10 rubles per 1 MT [2] .

Text of the Resolution No. 1032

Begin unofficial translation:

Government of the Russian Federation

Resolution No. 1032, September 29, 2015

Moscow

On amendments to the export customs tariffs on commodities exported from the Russian Federation, outside the boundaries of the member-states of the Custom Union Agreement.

The Government of the Russian Federation decrees:

1. In the exports customs tariff rates for commodities exported from the Russian Federation outside the boundaries of the member-states of the Custom Union, approved by the Russian Government Resolution No. 754, dated August 30, 2013: “On Approving Export Customs Tariff Rates for commodities, exported from the Russian Federation, outside the boundaries of the member-states of the Custom Union Agreement, and on the recognition of the ceasing to be in force some acts of the Government of the Russian Federation" (Collection of legislative acts of the Russian Federation, 2013, No. 36, article 4582; No. 47, article 6109; No. 52, article 7188; 2014, No. 30, article 4324; No. 31, article 4421; 2015, No. 1, article 285; No. 21, article 3106, No. 23, article 3317, No. 32, article 4774) the rates under codes TN VED EAEU [3] 1001 11 000 0 – 1001 99 000 0 to read as follows:

1001 11 000 0

….. for planting

0

1001 19 000 0

…..other

0

1001 91 100 0

…..spelt wheat

0

1001 91 200 0

…..soft wheat and meslin

0

1001 91 900 0

…..other

0

1001 99 000 0

Other

50 percent minus 6,500 rubles per 1 MT, but no less than 10 rubles for 1 MT

2. The present Resolution applies to legal relations arising on or after October 1, 2015. Chairman of the Government of the Russian Federation D. Medvedev