Cheap European wine set to get more expensive
Cheap European wine set to get more expensive
Jul 15, 2011 6
Cheap European wine may disappear from Russian shelves after customs raised minimum wine price. Minimum prices for Italian wines went up 75 per cent and 50 per cent for French wines, prompting importers to question the legality of the decision.
Customs set new minimum price
Excise duties for imported wine in Russia make up 20 per cent of the paid price. But the simple sum is complicated by the issue of “customs value” – whatever Russian Customs decide is the lowest possible value of the wine in its homeland.
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