Guatemala: New extension for Customs Fines
By Governmental Accord administrative customs offenses punishable by a fine, and their cumulative effects, will be exempted until September 15, 2012.
Friday, June 15, 2012
The Governmental Accord 121-2012 from the Ministry of Finance states that it has “agreed to waive, for a term expiring on June 15, 2012, up to one hundred percent (100%) of fines to any individual or legal person incurred in some of the administrative customs offenses punishable by a fine established by the National Customs Law contained in Book III of Decree No. 10-2012 of the Congress.”
The National Competitiveness Program of Guatemala has announced that the Executive will introduce a draft bill to Congress to replace existing customs regulations.
A two month exemption from fines resulting from the application of the new law is one of the issues being debated by government and business representatives.
After further requests for extending fine exemptions and a comprehensive reform of the Customs Act, the government has responded saying that they will evaluate such requests.
Among the changes requested by the Guatemalan private sector, are the elimination of insurance for theft of goods in transit and the current billing method.
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