VIII. Insert the articles if necessary.

In accordance with Paragraph 1, Article 173 of …RF Customs Code processing in the customs territory means … customs procedure under which imported goods are used in … customs territory of Russia during … specified period of time (goods processing period) for … purpose of conducting operations on their processing with complete conditional exemption from customs duties and taxes provided that processed products should be taken away from … customs territory of Russia within … certain time period.

The main purpose of … customs regime is to provide domestic producers … opportunity to offer their products in foreign markets at competitive prices, while contributing to … economic development of … national economy and creation of jobs.

IX. Fill in the blanks with suitable prepositions.

Processing … domestic consumption is a customs regime … which imported goods are used … the customs territory of Russia … a specified period … time (goods processing period) … the purpose … processing operations, … complete conditional exemption … customs duties and …a subsequent release of processed products … free circulation with payment of customs duties … rates applicable … the products … processing.

Both the customs regime … processing … domestic consumption and the customs regime … processing in the customs territory allow the possibility to handle products not having the status … goods being … free circulation … the customs territory, … the provision … privileges … payment of customs duties.

X. Explain the italicized grammar constructions in the following sentences.

1. The main purpose of the customs regime is to provide domestic producers the opportunity to offer their products in foreign markets at competitive prices, while contributing to the economic development of the national economy and creation of jobs.

2. As can be seen from the contents of the customs regime of processing in the customs territory the imported goods are exempted from customs duties and taxes only provided that products of processing should be taken away from the customs territory of Russia within the prescribed period.

3. The subsequent removal of countervailing goods is a key element of the regime of processing in the customs territory.

4. The necessity of removing countervailing goods is set to avoid upsetting the balance of free competition between processors using the products in accordance with the mode of processing, and those who declare imported goods directly to free circulation.

5. Processing for domestic consumption is a customs regime under which imported goods are used in the customs territory of Russia during a specified period of time.

6. Both the customs regime of processing for domestic consumption and the customs regime of processing in the customs territory allow the possibility to handle products not having the status of goods being in free circulation in the customs territory.

7. However, the mentioned regimes have differences.

8. The customs regime of processing outside the customs territory allows processing Russian goods outside the customs territory of Russia and to import processed products (food processing) with the provision of preferences in payment of import customs duties and taxes.

9. The main economic value of the customs regime is to provide domestic producers the opportunity to cut production costs and offer their products on the domestic market at more competitive prices.

10. Within the framework of the customs regime of processing outside the customs territory tax benefits are granted in respect of the following goods.