(Tax News Reporter - Two Weeks Ended 12 November 1996)
If the benefit of the temporary importation regime is extended in respect of a car, the customs authorities are allowed to require a deposit of the customs payments potentially due if there is a reason to suspect that the car will be sold or will not be used in accordance with the regime. Periodical customs payments (3% per month) must be made irrespective of whether or not a deposit has been paid. If a car, which is still registered abroad, (foreign licence plates) is imported by an individual under the temporary regime, the customs authorities may decide not to require the deposit.
Letter of the State Customs Committee of 8 October 1996 No. 01-15/17939
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