BCRA Communication “A” 8118

On October 17, 2024, the Central Bank of the Argentine Republic (“BCRA” for its acronym in Spanish) issued the Communication “A” 8118 (the “Com. 8118”) which reduces to 30 calendar days as from the registration of customs entry of the goods the minimum different term applicable -unless any exceptions apply- to access to the foreign exchange market (“FX Market”) for the payment of imports of goods under section 10.10.1.4 of the comprehensive text of foreign exchange regulations (the “FX Rules”) –(i.e. goods for which no particular treatment is foreseen) and goods under section 10.10.1.3 (finished automobiles classified in heading 8703 of the nomenclature and luxury goods -listed in section 12.1 of the FX Rules.). This shall apply for import payments of goods with registration of the customs entry as off October 21, 2024.

In order to access to Com. 8118, please click:
https://www.bcra.gob.ar/Pdfs/comytexord/A8118.pdf

For further information, please contact:

• Maria Laura Bacigalupo
• Andrea Callegari
• Sebastián Lerner
• Daniela Perez D’Agosta
• María Agustina Muse
• Mayra Mottl

This is a general comment and in no way presupposes legal advice or opinion. If required, please contact our professionals.