The Federal Public Revenue Administration (AFIP) has taken a significant decision in the area of Argentine foreign trade: the elimination of the import criteria values established by General Resolution No. 2.730/2009 and its amendment. This measure was formalized in the General Resolution 5582/2024, published today (09.10.2024) in the Official Gazette, and its main objective is to facilitate the fluidity of foreign trade, accelerate the customs clearance of goods and reduce costs for importers in the value inspection process.
According to the new regulations, "all import operations will be governed by the general rules of selectivity, allowing some to be subject to a ex post value control. This selection will be carried out in accordance with the procedures and parameters established by the General Directorate of Customs, adopting an approach based on the Risk analysis and the implementation of new technologies«The measure seeks to simplify international trade procedures and ensure effective customs control.
The regulation explains that articles 635 and following of the Customs Code (Law No. 22.415 and its amendments) regulate the customs value and customs valuation in accordance with the "Agreement on the Implementation of Article VII of the General Agreement on Tariffs and Trade of 1994" (Law No. 24.425). For its part, Decree of Necessity and Urgency No. 70/2023 defines among its objectives "to rebuild the Argentine economy by eliminating state barriers that impede its normal development, while promoting greater insertion of our country in world trade", which reinforces the purpose of this measure.
This general resolution will come into force on the first administrative business day following its publication in the Official Gazette, that is, October 10, 2024.
However, the AFIP carries out the following: clarification: «The procedures for determining customs value that are in progress will continue to be subject to the provisions of General Resolution No. 2.730 and its amendments. The current guarantees will be returned within a maximum period of ninety (90) calendar days, counted from the day following the entry into force of this resolution, unless the General Directorate of Customs notifies the operator of the liquidation of customs duties before the expiration of said period.»
In addition to the respective publication in the Official Gazette and its dissemination in the Bulletin of the General Directorate of Customs, the AFIP requests the submission of this information to various administrative secretariats of MERCOSUR, ALADI and COMALEP.
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