The Government took a measure that will facilitate import processes and seeks to provide certainty to local manufacturers.
The National Government made official through Joint General Resolution 5478/2024 of the Ministry of Commerce and the AFIP the elimination of the systemic mechanism that calculated the Financial Economic Capacity (CEF) of taxpayers, which was used to restrict and limit the operations of foreign trade.
In line with the elimination of the Import System of the Argentine Republic (SIRAs) and Non-Automatic Licenses, the elimination of the CEF seeks to facilitate and give certainty to local importers and manufacturers to have access to their inputs.
In this way, the measure will grant greater freedom to import and will prevent arbitrariness on the part of the State when it comes to intervening in the foreign purchasing process. The CEF System constituted an enormous barrier when it came to importing, analyzing a large number of variables related to the financial situation of companies that were not related to the new declarative system.
The decision to eliminate the CEF System is in line with the creation of the SEDI, the new platform for analysis and monitoring of statistical data on the import of goods, promoted with the objective of normalizing and streamlining foreign trade.
Source: Ambito
