On Amendments To Some Legislative Acts Of The Russian Federation Regarding Currency Regulation

Original Language Title: О внесении изменений в некоторые законодательные акты Российской Федерации, затрагивающие вопросы валютного регулирования

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Expired-the Federal law from 10.12.2003 N 173-FZ of the RUSSIAN FEDERATION FEDERAL LAW on amendments to certain legislative acts of the Russian Federation regarding currency regulation adopted by the State Duma on July 13, 2001 year approved by the Federation Council July 20, 2001 year Article 1. To amend paragraph 5 of article 6 of the law of the Russian Federation from October 9, 1992 N 3615-I "on currency regulation and currency control ' (Gazette of the Congress of people's deputies of the Russian Federation and the Supreme Soviet of the Russian Federation, 1992, no. 45, art. 2542; Collection of laws of the Russian Federation, 1999, N 1, art. 1; N 28, art. 3461; 2001, no. 23, art. 2290), read as follows: "5.50 percent of foreign exchange earnings of residents from the export of goods (work, services, results of intellectual activity) is subject to compulsory sale through authorized banks at market exchange rates for foreign currencies in the currency of the Russian Federation on the internal currency market of the Russian Federation not later than seven calendar days from the date of receipt of the said foreign currency in accordance with the order established by the Central Bank of the Russian Federation.
Benefits in order of compulsory sale of foreign currency by residents from the export of goods (work, services, results of intellectual activity) established by this paragraph, as well as to exempt residents from mandatory sale of foreign exchange earnings from exports of goods (work, services, results of intellectual activity) are established in this law.
The procedure for compulsory sale of residents income foreign currency on the internal currency market of the Russian Federation shall be established by the President of the Russian Federation. "
Article 2. Article 18 December 29, 1998 Federal law N 192-FZ "on urgent measures in the field of fiscal and taxation policies" (collection of laws of the Russian Federation, 1999, N 1, art. 1; 2000, N 2, p. 144; N 32, St. 3341) deleted.
Article 3. Benefits in order of compulsory sale of foreign currency by residents from the export of goods (work, services, results of intellectual activity), as well as to exempt residents from mandatory sale of foreign exchange earnings from exports of goods (work, services, results of intellectual activity), previously established by decrees of the President of the Russian Federation, are valid until January 1, 2002 onwards, and in cases when the decrees of the President of the Russian Federation set the validity period specified privileges and exemptions exceeding year January 1, 2002 such benefits and release shall apply before the deadline set by the relevant decrees of the President of the Russian Federation.
Article 4. The President of the Russian Federation and the Government of the Russian Federation, within two months from the date of entry into force of this federal law shall bring its normative acts in compliance with this federal law.
The Central Bank of the Russian Federation, within two months from the date of entry into force of this federal law shall bring its normative acts in compliance with this federal law.
Article 5. This federal law shall enter into force on the day of its official publication.
The President of the Russian Federation v. Putin Kremlin, Moscow August 8, 2001 N 130-FZ