Customs Warehouse (IM70)
Details
- defer customs payments until the goods are actually released into circulation;
- wait for a buyer or a logistics decision without immediate customs clearance;
- sell goods directly in the warehouse without removing them;
- consolidate shipments before release into circulation;
- perform additional operations: sorting, repackaging, marking and splitting batches;
- temporarily store goods until the next procedure is determined.
The main purpose of IM70 is to give foreign trade participants flexibility in inventory management, avoid freezing working capital and optimize logistics. Goods may remain in the warehouse for a long period, while the obligation to pay duties and taxes arises only when the procedure is completed and the next customs regime is selected.
The IM70 procedure is used when a company needs to:
A customs warehouse is especially relevant for importers of electronics, spare parts, seasonal goods, equipment, oversized shipments and products that require preparation before sale.
Regulatory framework
- Customs Code of the Eurasian Economic Union;
- Decisions of the Eurasian Economic Commission;
- Federal Law “On Customs Regulation in the Russian Federation”;
- Regulatory acts of the Russian Federal Customs Service governing customs procedures and warehouse operations.
The IM70 procedure is regulated by:
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Pricing
Basic service fee — from RUB 15,000
We understand both the procedure itself and the specifics of working with warehouses. We also have an extensive list of sites that allow convenient and efficient cooperation.
Typical document errors when placing goods under IM70:
• Wrong warehouse selection or failure to comply with storage conditions.• Incorrect performance of permitted operations such as marking, repackaging or sorting.
• Risk of violating the permitted storage period.
• Problems when transferring goods to the next regime, such as release for domestic consumption.
• Lack of stock accounting control in the warehouse.
• Customs claims and requests for additional documents.
We provide:
• Document audit and correct selection of the customs regime;• Selection of a warehouse fully compliant with customs requirements;
• Briefing and control of warehouse operations;
• Accounting and control of storage periods;
• Preparation of all documents for changing the procedure, including IM40, re-export and others;
• Support during inspections and communication with customs authorities;
• Full legal support that helps avoid fines and additional charges.
Your Benefits from Working with Us
Cost reduction
How We Work
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Free consultationwe discuss the task and define the objectives
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Assessment and expected outcomepreliminary review of the documents
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Agreement on terms and contract signingwe prepare the optimal solution
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Customs procedure handlingorganization and preparation of documents
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Successful completionwe hand over the completed documents to the client
Order Service
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