Easing of Measures on Imports of Capital Goods

The Board of the BCRA has modified Communication A 7030 to authorize advance payment for imports of capital goods.

This regulation streamlines the process of import of capital goods as long as they are produced at the request of the importer, who must submit the relevant purchase order together with a certificate of advance payment.

Communication A 7030 establishes a one-to-one rule, which allows importers to purchase foreign currency in the forex market for the same amount of customs cleared goods. Before this regulation was changed, importers of capital goods produced on demand could only access the forex market when goods were loaded onboard at the port of origin.

March 31, 2021.