MOSCOW, September 11 (RAPSI) – The Supreme Court has dismissed the Federal Customs Service’s appeal against the lower courts’ ruling obliging the service to reimburse 3.2 billion rubles ($86.1 million) in excessive customs duties paid by Rosneft’s RN Holding, RIA Novosti learned in court on Thursday.

According to the case materials, in 2010 RN Holding declared its products by submitting provisional customs freight declarations for future oil and petrochemical exports and paid 124.3 billion rubles ($3.34 billion) in customs duties. Later it submitted final customs freight declarations based on the actual delivery, under which it was to pay 121.1 billion rubles ($3.26 billion). RN Holding subsequently requested the reimbursement of excessive payments.

However, the Federal Customs Service refused to do so on the grounds that the company had not submitted documents proving overpayment.

In December 2013, the Moscow Commercial Court granted RN Holding’s reimbursement request. The courts of appeals subsequently upheld that decision.

In March 2013, Russia’s largest state-owned oil producer bought TNK-BP and a 96.5% stake in its main Russian producer, TNK-BP Holding, which it renamed RN Holding.

On May 16, 2014, Rosneft announced that it had completed the procedure to buy back minority shareholders’ shares of RN Holding. Rosneft and its affiliate, Novy Investments Limited, became the owner of 100% of nominal common uncertificated shares and nominal registered preference shares of RN Holding.