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To Amend Article 6 Of The Law Of The Russian Federation "on Currency Regulation And Currency Control"

Original Language Title: О внесении изменения в статью 6 Закона Российской Федерации "О валютном регулировании и валютном контроле"

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Spspent force-Federal Law of 10.12.2003 N 173-FZ RUSSIAN FEDERATION FEDERAL LAW amending article 6 of the Russian Federation "On currency regulation and exchange control" Adopted by the State Duma on June 20, 2003 Approved by the Federation Council on 26 June 2003 Article 1. Amend the first paragraph of article 6 of the Law of the Russian Federation of 9 October 1992 No. 3615 -I-I on currency regulation and exchange OF THE PRESIDENT OF THE RUSSIAN FEDERATION 2542; Legislative Assembly of the Russian Federation, 1999, No. 1; N 28, est. 3461; 2001, N 23, sect. 2290; N 33, st. 3432; 2003, N 9, sect. 804), as follows: " 5. The mandatory sale of foreign currency earnings from the export of goods (works, services, results of intellectual activity) is carried out in the amount fixed by the Central Bank of the Russian Federation, but not more than 30 per cent of the amount of foreign exchange earnings. The obligatory sale of foreign currency earnings from the export of goods (works, services, results of intellectual activity) is carried out through authorized banks at the market exchange rate of foreign currencies against the currency of the Russian Federation on the internal currency. The Russian Federation's foreign exchange market is not later than seven calendar days from the day of receipt of the said foreign currency proceeds in accordance with the procedure established by the Central Bank of the Russian Federation. " The law comes into force from the day of its official publication. President of the Russian Federation Vladimir Putin Moscow, Kremlin 7 July 2003 N 116-FZ