Automobile manufacturers will receive subsidies for car kit deliveries

Automobile manufacturers will receive subsidies for car kit deliveries


 

Rossiyskaya Gazeta.- Ministry of Industry and Commerce has proposed an expansion to transport subsidies for car kit exporters, according to a draft government decree posted for public comment.

Currently, automobile manufacturers are eligible for subsidies only for assembled cars. However, car kits are an essential part of exports made by domestic car manufacturing enterprises, which have assembly plants abroad, as indicated by the Ministry of Industry and Commerce in an explanatory note.

It’s assumed that the manufacturers will be able to receive the subsidies subsequently. The decision will apply to legal relations that arose from 18 September 2019 onwards.

The government has introduced subsidies on transport in 2017. According to the current rules, compensation amounts to 80% of the actual costs incurred in transporting products to foreign markets.