Watches in Russia - New Market Study Published
From 1 January 2012, according to a decision by the Custom Union Committee, importers of watches must pay a custom fee equating to 10% of the product price, but not less than EUR10 per item. Previously, the custom fee for watches was set at 20% of the product price and not less than EUR3 per item. The new regulation affects basic watches the most, with the importation of cheap basic watches becoming more expensive and, in some cases, unprofitable. For...
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