16 Dec 2016
Argentina Establishes New Import Regime for Used Production Lines
Argentina has established a new import regime for used production lines consisting primarily of used machinery and intended for an industrial production investment project. Subject merchandise must be part of a complete and autonomous production line that will be installed by the requesting party in Argentina to fulfil a specific production process and must play an essential role in the investment project. Also covered are certain other products such as complementary goods and accessories and intermediate industrial goods. Goods imported under this regime will be eligible to receive a 25 percent cut from the applicable duty rate.