The Russian Finance Ministry issued Letter No. 03-07-15/41049 on 16th July 2015 clarifying the application procedure for exemption from excise duties on export of excisable goods. On the basis of changes introduced by Federal Law No. 150-FZ, exporters of excisable goods should be entitled to exemption from excise duties without submission of a bank guarantee to the tax authorities under certain conditions. The companies that produce excisable goods can apply for exemption under a tolling agreement and need to fulfill some conditions.