Argentina: The deregulation of foreign trade continues

In brief

Through General Resolutions 5581 ("RG5581"), 5582 ("RG5582"), 5586 ("RG5586") and 5587 ("RG5587"), the Argentine government continues to lift regulations and bureaucratic obstacles to reduce costs and streamline foreign trade operations.


Contents

In depth

RG5581 – effective on 9 October 2024 

RG5581 repeals the outdated stamping regime for identifying certain imported goods (textiles, footwear, toys, electronics, etc.) that only imposed costs on the importer. The old stamps will now be replaced by the Digital Product Identification System, which will apply to goods included in the new regime. For now, only cell phones must be identified by the International Mobile Equipment Identity code.

RG5582 – effective on 9 October 2024

Meanwhile, RG5582 repeals all import value criteria established by Customs under General Resolution 2730. Under this resolution, any goods imported at a value lower than the criterion set by Customs could only be released under guarantee, which then remained in force for years while waiting for Customs to determine whether to initiate a procedure for the liquidation and claim of Customs duties.

Now, under RG5582, imports will be processed under the general rules of selectivity and may be subject to ex post value control. It is also established that, at the time of dispatch, Customs may only require a guarantee for a value difference when, based on objective and justified data, the importer may present a risk to the fiscal interest or when the value difference exceeds reasonable parameters. However, this guarantee will be automatically returned within 120 calendar days from the date of clearance, unless Customs has formally notified the importer of the liquidation of supplementary duties within that period.

As for the ongoing valuation processes under the repealed General Resolution 2730, they will continue to be processed under the same resolution, but Customs has a period of 90 calendar days from the entry into force of RG5582 (which occurred on 10 October 2024) to notify the importer of the liquidation of Customs duties. If this period expires without the mentioned notification of liquidation, the currently constituted guarantees must be returned.

Click here to read the Spanish version for the above developments.

RG 5586 – effective on 22 October 2024

RG5586 eliminated the presence of sectoral observers (i.e., representatives of the local industry) for import authorization to facilitate the entry of goods into the country. This regulation repealed General Resolutions 701/99 and 799/2000, which required a national industry observer to release a container in the red channel when goods from that sector were imported.

RG5587 – effective on 22 October 2024

Meanwhile, RG5587 repeals all reference export values established by Customs under General Resolution 4710. It should be noted that, according to this resolution, all goods exported at a value lower than the reference value set by Customs automatically went to the red value channel, causing costs and delays for the exporter.

Click here to read the Spanish version for the above developments.


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