By Communication A 7488/2022 The Central Bank has decided to extend the measures for imports already issued previously, with Communication A 7466.
On this occasion, the regulations refer to thes purchases that have an associated SIMI category C in the “Outgoing” status, will access the exchange market just like that category A, but with the following terms:
a) The goods imported correspond to the tariff items according to the Common Nomenclature of MERCOSUR that are identified in the Annex. (Said Attachments It is not published and must be consulted on the website of Central Bank www.bcra.gob.ar (Financial System Tab/Legal and Regulatory Framework/Communications Search).
b) That a certification from an external auditor has been submitted stating that, if the operation is carried out, the stocks of raw materials and/or intermediate or final goods produced from them will not exceed the levels required for their normal activity.
c) Have a sworn statement of the importedr in which he certifies that, in the event that he and his economic group have been summoned to a price agreement by the National Government, they have not refused to participate in such agreements nor have they failed to comply with the agreement in the event of having a current program.
In turn, if the conditions set out in point 1.1. are not met, the requirements for access to the foreign exchange market for payments linked to an import associated with a SIMI category C declaration in the “Exit” status will be those provided for a SIMI category B.
It is also established that the Annual limit of SIMI category C The amount assigned by the BCRA will be given by the difference between the limit assigned by this BCRA to category A and the highest of the two amounts considered for the purposes of establishing said limit.
On the other hand, it is provided that the SIMI category C maximum amount At any given time, the amount shall be equivalent to the proportional part of the annual limit accrued up to and including the current month. The equivalent of 20% of the annual limit shall be added to said amount, provided that this does not imply that said limit is exceeded. In the event that the indicated amount is less than USD 250.000 (two hundred and fifty thousand US dollars), the latter amount or the annual limit shall be adopted, whichever is less.
As for the deadlines, reference is made to the provisions of Communications A 7472: "the calculation of the term established in point 10.3.2.7.iii) will also be applicable to the access to the exchange market by the importer to make deferred payments for imports of goods corresponding to the cancellation of commercial debts with foreign creditors or by a local entity for the cancellation of foreign credit lines applied to the financing of imports of goods."
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