What is News Rules in March-Business News? | ZHENNENG

March 01, 2023

1.Dubai to impose certification fee on international imports.

The UAE will introduce new rules for imposing fees on imported goods, the UAE Ministry of Foreign Affairs and International Cooperation (MoFAIC) said. From February, any international import invoice worth AED10,000 or more must be certified by MoFAIC. MoFAIC will charge a fee of Dh150 per invoice for imported goods worth Dh10,000 or more. The following categories of imported goods are exempted from the import certification fee, including invoices with a value of less than 10,000 dirhams, personal imports, GCC imports, free zone imports, police and military department imports, and charity imports.

2.The Eurasian Economic Union revises the container duty-free import policy.

The Russian Interfax news agency recently reported that the Eurasian Economic Commission stated in a draft resolution for public discussion released on its official website that the committee received a proposal from Russia, suggesting that some categories of containers under the unified tariff framework of the Eurasian Economic Union (see European The list of commodities for foreign economic activities of the Asian Economic Union, customs code 8609 00 900 9) The import tax rate is determined to be 0% of the customs declaration price, and the period is from March 1, 2023 to December 31, 2023 (inclusive). It is reported that the zero-tax policy for container imports previously announced by the Council of the Eurasian Economic Commission will expire on February 28, 2023. In the case of ordinary tariffs, the import tariff for the above-mentioned commodities is 10% of the customs declaration price.

3.Russia Cancels Compulsory Foreign Exchange Settlement for Some Exporters

According to, the Russian Kremlin website issued a presidential decree on the 6th. Effective immediately, Russian exporters and commodity suppliers that implement intergovernmental agreements are no longer required to sell their foreign exchange earnings. Exporters who directly export goods abroad have the right to pay the received foreign exchange payments directly to commodity suppliers through authorized banks, and no longer require compulsory settlement of foreign exchange. In addition, funds received can be converted into currencies other than those stipulated in the contract, with the prior consent of the commodity supplier, eliminating the need to sell foreign exchange.

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