Russia has reduced the tariffs implemented on the imports of used commercial vehicles

Russia has reduced the tariffs implemented on the imports of used commercial vehicles

Finmarket – Russia has reduced the tariffs implemented on second hand truck and bus imports in several categories as of 01 September. The decision complies with the gradual tariff reduction plan, following the entry to WTO.

According to the relevant statement made by the Eurasian Economic Commission, the tariffs implemented on tow trucks and cement mixers have been reduced by 1.3%. The tariff rate implemented on buses with 120+ passenger carrying capacities has been reduced as well, by 1.6%. The tariff rates implemented during the imports of trucks lighter than 5 tonnes and with engine volumes lower than 2.5 lt and 2.8 lt will go down by 1%. The reduction rate on trucks heavier than 20 tonnes is 1.6%, on the other hand.

The changes on tariff rates will only be valid for vehicles within the 5-7 years age group.