How to personally become the participant of FEA

Task of the legal department

1. Compilation of the contract, receiving the transaction certificate

The contract is compiled in Russian, as well as English or the language of the country of origin of the product (if imported) and in the language of the Purchasing country (if exported)
Contract assumes various aspects of cooperation of the supplier and buyer, such as payment conditions, transfer of the right of ownership and liability for the goods, terms of payment for transportation services, gods insurance during the route and other terms.
Contract is checked in the bank, where a currency account of the Company is opened – participant of FEA. With the 1st supply of goods, Contract is also checked by the customs bodies.
Transaction certificate is compiled on the basis of the Contract, which is also certified in the bank, where a currency account of the Company-participant of FEA is opened.

2. Customs terminal registration

Company-participant of FEA shall be registered at the customs terminal, where the customs clearance of the goods will take place in the future.
Customs terminal may be voluntarily chosen, but it is important to bear in mind, that many product groups have the so-called "declaration places" i.e. customs clearance can take place only at specialized customs terminals, that have the certificate for the clearance of certain types of goods.
In case of supply, under the Contract, of various types of goods within the import transaction, often Import Company must register and conduct customs clearance immediately at various customs terminals. This hampers the procedure of customs clearance, especially in cases, when a heterogeneous product is shipped by the supplier simultaneously in one product group.
Company-participant of EEA shall enter into an Agreement for the payment of services of PWC, where customs clearance will take place in the future.

Preparation in Russian in compliance with the customs legislation of forwarding documents:

Invoice (specifying customs codes of the goods)
Packaging list
Product specification (under request of the customs)
Technical description of the goods (upon requirement)
Characteristics and expert opinions of the goods (upon requirement)
Compliance certificate
Hygienic, sanitary and other opinions (depends on the type of the good)
Have an expert as part of the staff that deals with customs clearance (customs applicant)
Install certified software for the customs applicant, update and service it.

Open a currency account
Presentation and the reception of approval in the bank, for the Contract and Transaction certificate
Settlements with suppliers of buyers under the Contract,
Take into account the fluctuations in the exchange rates of currencies during settlements with suppliers, as well as compilation of documents of financial reports
Upon the fact of formulation of CCD provision of reports to the bank for the conduct of currency control
Payments to FCS of customs payments and fees and VAT for the import of goods
Collection of VAT with the export of goods.