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Section item — a place of commercial accounting of products, where the state transfers to the investor a portion of the produced products due to him under the terms of the agreement (ceased to be in force as of 2019-05-01)1.

A section item — a place of commercial accounting of products, where the state transfers to the investor a portion of the produced products that are due to him under the terms of the agreement. In the case of oil production, the place of commercial accounting of products is determined in the case of its transportation by pipeline transport as the place where the oil enters the control and measurement station via the pipeline and where the quantity and quality of the oil are measured, counted as produced product, and transferred into the main pipeline system. In the case of transporting oil by other means than pipeline transport, the place of commercial accounting of products is determined by agreement as the place where the oil arrives at the control and measurement station and where its quantity and quality are measured2.

  1. No. 32. Art. 3340.
  1. Tax Code of the Russian Federation, as amended on 2019-01-01, Article 346-34, which has become ineffective from 2019-05-01 // Official Gazette of the Russian Federation. 2000. No. 32. Art. 3340. ↩

  2. Tax Code of the Russian Federation, as amended on 01.01.2026, Art. 346.34 // RSZ RF. ↩

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