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4. Form adjectives from nouns/verbs using the suffix –able. Translate the adjectives into English. Follow the model.

Model: tax – taxable, pay – payable.

Convey, charge, value, appraise, exchange, account, accept, prefer, duty, calculate, import, export.

5. Use an English dictionary to define the following terms:

Customs value – ...;

value-added tax – ...;

import duty – ...;

export duty – ...;

excise tax – ...;

antidumping duty – ...;

exchange rate – …;

penalty fee – ...;

refinance rate – ... .

6. Comment on the meanings of the modal verbs shall and ought to in the sentences below. Translate the sentences into Russian.

1. Subject to customs duties and taxes shall be the goods conveyed across the customs border.

2. The customs value and the factual details used for appraising the goods customs value furnished by the declarant ought to be based on authentic documentarily certified information.

3. Calculations of the payable amounts of customs duties and taxes shall be made in using the legal tender of the Russian Federation.

4. ... conversion of said foreign currency into the legal tender of the Russian Federation shall be based on the exchange rate established by the Central Bank of the Russian Federation … .

5. The penalty fee shall be charged for non-payment (delay of payment) of customs duties and taxes within prescribed time limits.

6. Penalty fees shall be disbursed concurrently with the due customs duties and taxes or after said payments ... .

7. Match the left and right columns to make word-combinations.

1

value-added

a

tender

2

antidumping/ compensational

b

fees

3

taxable

c

persons

4

legal

d

transport

5

refinance

e

operations

6

classification

f

limits

7

natural

g

tax

8

pipeline

h

code

9

time

i

regulation

10

penalty

g

basis

11

wholesale/retail

k

duties

12

currency

l

rate

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