Monitoring of the Federal Legislation dated 14.03.2003

Decision of the Government of the Russian Federation No. 149 of March 11, 2003 on the Endorsement of the Rules of Reimbursement from the Federal Budget of the Part of Expenses to Pay Interest under Credits Obtained in 2003 in the Russian Credit Organisations by Organisations of the Coal Industry Engaged in Extraction of Thermal Coals, to Transfer Payments to the Budgets of All Levels and State Non-Budgetary Funds under the Restructuring Schedules

The subsidy is granted to the organisation in the amount of two thirds of the rate of refinancing of the Central Bank of Russia as of the date of obtaining the credit under the condition that the payment for the use of this credit is not less than the granted subsidy. If the payment for the use of the credit attracted by the organisation is less than two thirds of the rate of refinancing as of the date of getting the credit, the subsidy is granted in the amount of the amount of payment for the use of this credit. To get the subsidy, the organisation submits to the Ministry of Power Supplies application for the subsidy together with other listed documents.

Decision of the Government of the Russian Federation No. 148 of March 11, 2003 on the Endorsement of the Rules of Calculation and Payment of Insurance Contributions for Obligatory Pension Insurance in the Form of the Fixed Payment in the Amount Exceeding the Minimum Amount of the Fixed Payment

Defines the procedure and time limits of calculation and payment of insurance contributions for obligatory pension insurance in the form of the fixed payment in the amount exceeding the minimum amount of the fixed payment by independent entrepreneurs, attorneys, private detectives, private notaries, as well as the heads and members of peasant (farmers') enterprises. The amount of the fixed payment per month is calculated by dividing by 12 the cost of insurance year endorsed on the annual basis by the Government of the Russian Federation. The fixed payment for the current year is transferred no later than December 31 of this year.
The transfer of the fixed payment is effected by insurers to the accounts of the territorial bodies of the Pension Fund in the form of separate payment orders to finance each part of the labour pension. In this case, two thirds of the amount of the fixed payment are allocated to finance the insured part of the labour pension and one third - to finance the accumulated part of the labour pension.
The Pension Fund of the Russian Federation is ordered to provide explanations on the procedure of calculation and transfer of the fixed payment.

Decision of the Government of the Russian Federation No. 147 of March 11, 2003 on Additional Measures of State Support of the Russian International Highway Transport

For 9 months, introduces the rates of import customs duties for individual types of fifth-wheel tractors and motor transport vehicles for carrying cargo with the full weight greater than 20 t (codes according to the Foreign Trade Commodity Nomenclature of the Russian Federation 8701 20 101 2 and 8704 23 910 4) in the amount of 5% of the customs cost.
For the mentioned transport vehicles (as well as Subheadings 8716 39 300 1, 8716 39 300 2, 8716 39 590 1 of the Foreign Trade Commodity Nomenclature of the Russian Federation) placed under the temporary import customs regime, a full exemption from the customs duties and taxes is granted, other than the fees for the customs registration, for the whole period of operation, provided that they are used for international cargo transportation.
The Decision is entered into force from the day of its official publication except for the provisions on the introduction of the new duty rates entering into force one month after the day of official publication of the Decision.