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Argentina Modifies Import Licencing Requirements

Argentina has made a number of amendments of its import licencing regime in an effort to more efficiently analyse and monitor import flows. The lists of tariff lines subject to non-automatic licencing requirements have also been modified and are available here.

Automatic licences will continue to be processed through the Integral Import Monitoring System (SIMI) after the importer provides certain information. Importers wishing to obtain a non-automatic import licence must be duly registered in the Ministry of Production Single Registry (R.U.M.P.) and provide certain general information as well as specific information depending on the tariff classification of the product. The applicant will be given ten working days to provide any missing information and the application will be deemed to be null and void if such information is not provided within the stipulated deadline.

Argentinean authorities may require additional information or documentation from importers seeking a non-automatic import licence involving certain aspects of the operation and/or merchandise. The importer must provide any such additional information within ten working days from the date of the request. If only partial information is submitted, the importer will have an extra five working days to complete or rectify the information and/or documentation.

The FOB unit value of any goods subject to non-automatic licencing declared through SIMI may be as much as five percent higher or lower than the actual value on the import declaration, while the declared quantity may be as much as five percent higher and subject to no limitation if lower, compared to previous tolerances of seven percent in both value and quantity terms. Non-automatic import licences are now valid for a period of 90 days from their date of issuance, compared to 180 days previously, although they may be renewed for well-founded reasons if the holder submits a request at least 15 days prior to the scheduled expiration date.

Content provided by Picture: HKTDC Research
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