In line with the decision to open the food imports of the basic basket and the tax reduction, the Central Bank decided this Tuesday to make the necessary adjustments for imported merchandise.
By means of the Communication “A” 7980/2024the organization that depends on Santiago Bausilli detailed which are the goods that can be fully canceled through the exchange market from 30 calendar days counted from the registration of customs entry of goods.
“iii) imports made official as of 3/15/24 that correspond to goods in the basic consumer basket whose tariff positions according to the Common Nomenclature of MERCOSUR (NCM).
At the same time, it is clarified that for these products, it will not be necessary to require the sworn declaration.
The Government announced the total opening of imports of food and medicines
In search of lowering inflation, especially in sensitive prices for the pockets of Argentines, the Government announced the total opening of food imports. This was confirmed by the presidential spokesperson, Manuel Adorni, who explained that the details will be announced in the coming hours.
“The government decided to implement measures to improve competition and support the decline in inflation in basic basket products and medicines,” they explained from Economía.
What products will you open imports to?
Among the main products benefited are: banana, potatoes, pork, coffee, tuna, cocoa products, insecticides, shampoos, diapers, among many other products.
The BCRA will reduce the payment period for imports of food, beverages and cleaning, care and personal hygiene products: they will go from a payment scheme in 4 installments at 30, 60, 90 and 120 days to a payment period in a single installment after 30 days.
It was determined to suspend, for a period of 120 days, the collection of additional VAT and income tax on imports of these products and medicines.
This measure will encourage the import of basic basket products whose price in the local market is higher than the international price, which will contribute to greater competition and, consequently, a drop in inflation and the price level of these products. .
Source: Ambito
