Russia suspends import duty on CRC for car industry

The Russian government has temporarily canceled the five percent import duty for certain cold rolled steel products (cold rolled coils of iron or non-alloyed steel used in the manufacture of motor vehicles and their parts) for the nine month-period starting from February 22, 2009.
 
Products under HS Codes 7209 17 900 1 and 7209 27 900 1 are affected by the governmental decision No. 962.
 
Meanwhile, the government has decided that cold rolled steel products under HS Codes 7209 17 900 9 and 7209 27 900 9 will be imported with a five percent duty.
 
The decision was taken in order to support domestic manufacturers of cars and other motor vehicles.