Among the main advantages of the new system are the incorporation of the estimated payment date in foreign currency, verification of the import quota in real time, greater control in the traceability of the entire operation and the creation of a single foreign trade current account.
The previously approved SIMI remain in force, while a simplified procedure is stipulated for those importers who do not require access to the Single Free Exchange Market (MULC).
How can the dollars be accessed?
Entities authorized to operate in the Free Exchange Market must record the amount in pesos of each of the foreign exchange operations related to imports, at the time it is carried out.
Meanwhile, importers must report the term in calendar days between the official dispatch and the estimated date of access to the Free Exchange Market to make import payments.
The BCRA will be authorized to “adopt and propose the necessary measures to ensure the efficiency and effectiveness of control actions, coordinating between the different State agencies,” according to joint general resolution 5271/2022 that established the SIMI.
As part of the transition to the new system, all those operations in the “officialized” or “observed” status of the SIMI, that is, that are pending approval, were cancelled, and importers must register them again through the SIRA. Meanwhile, those already approved and in “exit” status will maintain their validity.
However, as you can see Ambit, the companies during the IDEA colloquium showed some uncertainty due to delays in import orders that were withdrawn. Because the procedures should start back and take a week. They fear that the intervention of different agencies will generate a delay in the approval of imports.
Source: Ambito
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