The BCRA extends the effective date of Communication A 7030

Wednesday, December 30, 2020

The extension is effective until March 31, 2021. The Board´s resolution includes amendments for a better understanding of the general criterion.

The BCRA’s Board decided to extend the effective date of Communication A 7030, as amended, up to March 31, 2021, and to introduce changes for a better understanding of the general criterion. The amendment relaxes the import of goods that may increase the productive capacity of exporters by enabling to use all the inflows from advances and pre-financing from abroad, with a minimum term of 180 calendar days, provided that they are used for advance payments of capital goods.

As regards outflows in the forex market, natural and legal persons included in the database of fictitious invoices of the Federal Administration of Public Revenue (Administración Federal de Ingresos Públicos, AFIP) must have prior authorization of the BCRA.

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