News

Argentina Customs Update

July 18, 2011

Custom Duties & Taxes – for import & export to / from Argentina – Important for DDP & EXW Incoterms conditions.

 According to the provisions of the AFIP General Resolution No. 3134/2011, published in the Official Report of 24.06.2011, beginning August 1st, tax payments of Customs duties, including those relating to import operations and export without waiting period, as well as the rest of the settlements for Customs payment, shall now take the form required by the VEP (Electronic Payment Ticket-RG 1778).

 Note that for Import & Export Process on DDP or EXW conditions, Consignee (Importer) / Shipper (Exporter) will have to deposit taxes and duties by VEP, only with their Key Fiscal, these funds can no longer be deposited in cash or check as allowed in the past.

 

Please alert your Shippers and their Consignees, who plan on utilizing these terms with Argentina shipments, of this critical new regulation.

For more information please contact:

Gabriel Kornmacher
Traffic Manager
BDP International SRL
Presidente Sarmiento 732 8° Capital Federal
C1041AAP, Buenos Aires – Argentina
gkornmacher@bdpinternational.com.ar
www.bdpinternational.com
Phone: +54 11 5275 6708
Fax: +54 11 5275 6730