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On Amendments And Additions To Articles 6 And 8 Of The Law Of The Russian Federation "on Currency Regulation And Currency Control"

Original Language Title: О внесении изменений и дополнений в статьи 6 и 8 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 On Amendments and Additions to Articles 6 and 8 of the Foreign Exchange Law of the Russian Federation and Foreign Exchange Control " Adopted by the State Duma on 7 February 2003 Approved by the Federation Council on 12 February 2003 Article 1. Russian Federation Act of 9 October 1992 No. 3615 -I on currency regulation and currency control (Bulletin of Congress of People's Deputies of the Russian Federation and the Supreme Soviet of the Russian Federation, 1992, 2542; Legislative Assembly of the Russian Federation, 1999, No. 1; N 28, est. 3461; 2001, N 23, sect. 2290; N 33, st. 3432) the following changes and additions: 1. In Article 6: Paragraphs 6 and 7, amend to read: " 6. The physical persons-residents have the right to transfer, remove and forward from the Russian Federation the previously transferred, imported or forwarded currency values (excluding foreign currency) within the limits specified in the Russian Federation. The customs declaration or other document confirming their transfer, import or transfer to the Russian Federation, in accordance with the procedure established by the Central Bank of the Russian Federation in cooperation with the State Customs Committee of the Russian Federation. " The residents have the right to forward from the Russian Federation cash in foreign currency in accordance with the procedure established by the Central Bank of the Russian Federation together with the State Customs Committee of the Russian Federation. 7. The resident physical persons may temporarily export from the Russian Federation, subject to the provisions of paragraph 10 of this article, foreign currency in an amount not exceeding the equivalent of 10,000 (ten thousand) United States dollars. It does not require the submission to the Russian Customs authorities of documents confirming that the foreign currency in cash was previously transferred, imported or transferred to the Russian Federation or acquired in the Russian Federation. Federation. "; add to the following paragraphs 8 to 10: " 8. In addition to the foreign currency available in paragraph 7 of this article, the resident natural persons shall be entitled, subject to the provisions of paragraph 10 of this article, to export from the Russian Federation the previously imported cash to the Russian Federation. foreign currency, within the amount specified in the customs declaration confirming its importation into the Russian Federation. 9. One-time export from the Russian Federation of foreign currency persons in cash in excess of the equivalent of $10,000 (ten thousand) is not permitted, except as provided for in paragraph 8 of this Regulation. articles. 10. In the case of the one-time removal from the Russian Federation by resident physical persons of foreign currency in the amount not exceeding the equivalent of $3,000 (three thousand), the foreign currency that is exported is not subject to declaration. OF THE PRESIDENT OF THE RUSSIAN FEDERATION In the case of the one-time removal from the Russian Federation by resident physical persons of foreign currency in excess of the equivalent of $3,000 (three thousand), the foreign currency to be exported is subject to declaration OF THE PRESIDENT OF THE RUSSIAN FEDERATION In Article 8: Paragraphs 3 and 4, amend to read: " 3. Non-resident natural persons have the right to transfer, remove and forward from the Russian Federation currency values (excluding foreign currency) transferred, imported or transferred to the Russian Federation, within the limits specified in a customs declaration or another document confirming their transfer, import or transfer to the Russian Federation, in accordance with the procedure established by the Central Bank of the Russian Federation in cooperation with the State Customs Committee of the Russian Federation. Natural persons-non-residents have the right to forward from the Russian Federation cash foreign currency in accordance with the procedure established by the Central Bank of the Russian Federation together with the State Customs Committee of the Russian Federation. 4. Non-resident natural persons may temporarily export from the Russian Federation, subject to the provisions of paragraph 7 of this article, foreign currency in an amount not exceeding 10,000 (ten thousand) United States dollars. It does not require the submission to the Russian Customs authorities of documents confirming that the foreign currency in cash was previously transferred, imported or transferred to the Russian Federation or acquired in the Russian Federation. Federation. "; add to paragraphs 5 to 7 as follows: " 5. In addition to the cash foreign currency referred to in paragraph 4 of this article, non-resident natural persons shall be entitled, subject to the provisions of paragraph 7 of this article, to export from the Russian Federation the previously imported cash to the Russian Federation. foreign currency, within the amount specified in the customs declaration confirming its importation into the Russian Federation. 6. One-time export from the Russian Federation by non-residents of cash foreign currency in an amount exceeding the equivalent of $10,000 (ten thousand) is not permitted, except as provided for in paragraph 5 of this Regulation. articles. 7. In the case of non-resident physical persons from the Russian Federation in a single currency, foreign currency, in an amount not exceeding $3,000 (three thousand), is not subject to declaration of foreign currency. OF THE PRESIDENT OF THE RUSSIAN FEDERATION In the case of the one-time removal from the Russian Federation by non-resident physical persons of foreign currency in excess of the equivalent of $3,000 (three thousand), the foreign currency being exported is subject to declaration to the customs authority of the Russian Federation by submitting a written customs declaration. ". Article 2. This Federal Law shall enter into force 10 days after its official publication. President of the Russian Federation Vladimir Putin Moscow, Kremlin 27 February 2003 N 28-FZ