Monitoring of the Federal Legislation dated 12.07.2004

Decree of the President of the Russian Federation No. 857 of July 8, 2004 on the Amendment to the Decree of the President of the Russian Federation No. 1091 of September 18, 1992 on the Measures to Improve Payment Procedures for the Products of the Fuel and Power Supply Complex

Excludes an opportunity of direct debit procedures for the resources of payers in the payments for the electric and thermal power and gas delivered by power-supply and gas-supply organisations, as well as for the oil and oil products sold by oil producing associations and enterprises and organisations of the Rosnefteprodukt concern. The given rule shall apply to legal relations emerging from March 1, 1996.

The Decree is entered into force from the day of its signing.

Order of the State Customs Committee of the Russian Federation No. 687 of June 17, 2004 on the Endorsement of the Form of the Application of the Natural Person and the Procedure of Filling of the Application of the Natural Person

Endorses the form of the application of the natural person for the purposes of declaring of commodities (except for cars) moved across the customs border for personal use in unattended luggage. The application shall also apply when declaring commodities sent to a natural person not crossing the customs border and intended for personal use by this person.

The Order is entered into force 90 days after the day of its official publication.

Registered in the Ministry of Justice of the Russian Federation on July 7, 2004. Reg. No. 5894.

Order of the Ministry of Taxation of the Russian Federation No. SAE-3-01/355@ of June 7, 2004 on the Endorsement of the Procedure and Time Limits of Submission to the Tax Bodies by the Investor under a Product-Sharing Agreement of the Documents Exempting from the Transport Tax for the Owned by Him Transport Vehicles (Excerpt for Cars) Used Exclusively for the Purposes of the Product-Sharing Agreement

The endorsed procedure applies to the Russian and foreign legal entities being investors under a product-sharing agreement having notified the tax bodies of the application of the special tax regime specified in Chapter 26.4 of the Tax Code of the Russian Federation.

The documents are presented to the tax body where the investor is registered for the purposes of the product-sharing agreement together with the tax declaration for the transport tax.

Registered in the Ministry of Justice of the Russian Federation on July 7, 2004. Reg. No. 5892.