ARTICLE

Customs to Close Disciplinary Proceedings Regarding Exporters’ Non-Compliance with FX Regulations 

The General Instruction seeks to apply the criterion adopted by the legal services of the Ministry of Economy, following the modifications introduced by Decree 70/2023.
 

May 22, 2024
Customs to Close Disciplinary Proceedings Regarding Exporters’ Non-Compliance with FX Regulations 

The Argentine Customs Issued General Instruction 6/2024, on May 21, 2024, repealing General Instructions 7/2022 and 19/2023.
General Instruction 7/2022 had set a potentially applicable suspension from the Register of Importers and Exporters for those exporters signaled  as non-compliant with FX regulations on exports (known as SECOEXPO). Meanwhile, General Instruction 19/2023 had broadened the Customs’ scope of action, instructing it to open disciplinary proceedings against operators showing a non-compliance of at least USD 150,000. 

The Instructions were repealed because of the changes introduced by Emergency Decree 70/2023, which eliminated the Register of Importers and Exporters and established that all persons may carry out imports, exports, and foreign trade operations without any enrollment.  

In this line, Customs took on the criterion adopted in a report issued by the legal services of the Ministry of Economy—within the framework of an appeal filed against a disciplinary sanction imposed by Customs—in which it considered that, considering the modifications Emergency Decree 70/2023 introduced, the underlying discussion related to the Registry suspension was no longer relevant. 

Regarding the pending procedures under Instruction 7/2022, the new Instruction states that Customs will close them and release any set-up guarantees.