Article 75. Duration of processing of goods on the customs territory

Authorization for processing of goods on the customs territory shall be issued for two years.

An individual who receives an authorization to process goods on the customs territory shall have the right to end a customs regime before expiration of this authorization according to Article 80 of this Code.

Validity of authorization for processing of goods on the customs territory can be extended by a customs authority for a period of over two years at a formal application of an authorized individual for certain categories of goods that require longer processing period.

When performing regular processing operations of the same goods on the same conditions on the customs territory, authorization to process goods on the customs territory for a declared period, but not more than five years can be issued at a formal application of an individual.

Validity of authorization for processing of goods on the customs territory and the processing period shall begin from the day the goods are placed under the customs regime of processing on the customs territory, and when goods are imported in separate consignments — from the day the first consignment of goods is placed under the customs regime of processing on the customs territory.

A formal application for extending authorization validity period for processing of goods on the customs territory must be submitted to a customs authority no later than one month before expiration of this authorization. Validity period of the authorization shall be extended according to the procedure for issuance of authorizations.

A formal application of an authorized individual to a customs authority to extend validity period of the authorization for processing of goods on the customs territory shall not interrupt or suspend the period for processing of goods specified in the authorization.

In case of refusal to extend the validity period of authorization for processing of goods on the customs territory, the goods placed under a customs regime of processing on the customs territory shall be subject to declaration to a different customs regime according to Article 80 of this Code.