Latest News - #The Republic Of Tatarstan

Head of Tatarstan proposed to create Russia's first bonded zone

President of Tatarstan Rustam Minnikhanov suggested the government to consider establishing in the Republic the country's first bonded areas for cross-border e-Commerce, according to the website of the regional business Ombudsman.

Bonded area (bonded warehouse) is called a territory with special status, the customs duties and taxes are not paid upon receipt of goods for storage, and when they purchase the ultimate purchaser-individuals. Because of this, for example, unclaimed items can be returned to their home country without paying duties and taxes.