The board of directors of the Central Bank of the Argentine Republic (BCRA) made official, this Friday, flexibility in access to dollars for companies that intend to import food and basic basket productsas the National Government had anticipated last Tuesday.
This is what he did through Communication “A” 7980. Starting this March 15, all the foreign currency necessary to pay for the arrival of items to the country It will be available 30 days after formalizing the operation with the foreign supplier.
It should be noted that, previously, those who bought merchandise from abroad could access dollars at the official price although in four deferred installments of 30, 60, 90 and 120 days.
As specified in the provision, the highest financial authority decided to “incorporate as subsection iii) of point 10.10.1.2. of the ‘Foreign and Exchange’ regulations, which details the operations of imports of goods that They can be fully canceled through the exchange market after 30 (thirty) calendar days. counted from the registration of customs entry of goods, to imports made official as of 3/15/24 that correspond to goods in the basic consumer basket whose tariff positions according to the Mercosur Common Nomenclature (NCM) are detailed in point 12.4″ .
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For the importation of what products will it be possible to have easy access to dollars?
In the 21-page annex that accompanies the BCRA resolution, the customs tariff positions corresponding to all commodities that will now benefit with this simplified import regime.
Regarding the categories, the National Government has already defined what the products will be that will not only be reached by this resolution, but also for tax benefits, such as the elimination of the collection of profit perceptions and VAT.
This was confirmed after a meeting that the Secretary of Commerce, Pablo Lavigne, held this Wednesday with representatives of food manufacturing companies from the Coordinator of Food Products Industries (COPAL).
Respect to foodsthe list is composed of:
Bovine, pork, poultry, and derivatives Fish and derivatives Dairy and derivatives Eggs Vegetables, Legumes, Fruits, Vegetables, Nuts and other primary foods Spices, Cereals and their derivatives Oilseeds and their derivatives Fats and oils Food preparations (pastes, sauces, baked goods, jams, canned foods, etc.) Food inputs (extracts, concentrates, cocoa, etc.) Beers and non-alcoholic beverages
Added to the previous list are products from personal hygiene among which are:
Cotton pads and swabs Body deodorants Machines and shaving foam Insecticides for personal use Toilet soap Disposable Diapers Toilet Paper Toothpaste Condoms Baby Products Feminine Protection Shampoos and Conditioners
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Criticism of benefits for food importing companies
These privileges for importing companies raised questions in the industry. One of the sectors that came out to demonstrate and state their position on the matter was the pig industry. The Argentine Chamber of the Sausage and Pork Industry (CAICHA) and the Argentine Swine Federation They denounced that this was a “highly discriminatory” measure.
“It took us absolutely by surprise. It is a measure hastened out of consideration. we have many imported inputs that make up the cost of production that are charged with the PAIS Tax and the advance of Profitsand suddenly They are going to open the import of pork and with benefitswhich brings us to compete in unequal conditions“, held José Arrieta, president of the Chamber of Pork Producers of Córdoba and Treasurer of the Argentine Porcine Federation, in dialogue with PROFILE.
RS / LR