In an effort to improve the competitiveness of the export sector and promote economic growth, the National Government has introduced significant modifications to the Stock Replacement regime, also called "Repostock", through the Decree 779/2024.
The measure, published this Monday (02.09.2024) in the Official Gazette, aims to streamline and make transparent the processes related to the replacement of merchandise, benefiting the direct users of this regime.
The decree replaces and updates key articles of Decree 1330/2004, which regulates the temporary importation of goods intended for industrial improvement. Users will now be able to import products to replace those that have already been imported and exported after a process of improvement. This process must be completed within a period of 360 days, and extensions have been eliminated, which points to greater operational efficiency.
In addition, the rule introduces the obligation to declare replacement operations through the Malvina Computer System (SIM), ensuring that all processes are digital and automated. This change not only promotes efficiency, but also facilitates control by the Federal Public Revenue Administration (AFIP), which will oversee operations linked to the Stock Replacement Regime (Repostock).
Impact on the export sector
The new provisions are designed to offer greater flexibility and support to the Argentine export sector, allowing companies to optimize their import and export flow. The possibility of replenishing stocks without the need to wait for extensions could reduce costs and improve the competitiveness of Argentine products in the international market.
This Decree also establishes the Use of the Temporary Importation Classification Certificate (CTIT) as an essential requirement for replenishment operations, ensuring the traceability and correct classification of the products involved.
At the same time, it establishes that the AFIP has the responsibility of sending to the Application Authority and the Executing Unit of the Regime of Argentine Foreign Trade Single Window (VUCEA) all information related to customs declarations linked to this regime, optimizing their inspection and control.
In this way, the official text clarifies that the information generated by the digital media used in the processing of the regime will be binding both for the user and for the competent authorities. This implies that the authorities must respect and act in accordance with the digital information available within the framework of the powers granted by the regime.
Decree 779/2024 is effective immediately, except for articles 1, 2, 3 and 4, which depend on complementary regulations.
Aduana News is the first Argentine customs newspaper to launch its digital version. With 20 years of experience, its publications and initiatives aim to provide the most relevant knowledge on customs issues in order to contribute to safe trade in the region.
