Foreign trade: unfreezing the accounts and proving the export rate
We unfroze the currency accounts of a trading company within 48 hours and confirmed the zero VAT rate on exports.
What happened
An export-import company hit an unexpected freeze on its accounts because a counterparty from the customs union had been late confirming the export document package. International payments stalled and demurrage charges started at the border.
What we did
Within hours we prepared a reasoned application with the consignment notes, currency control statements and the import declarations attached. We held the negotiations at the tax service office in person.
How it ended
The accounts were unfrozen in full within two working days. The zero VAT rate was confirmed and the company avoided penalties under its foreign trade contracts.
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