Rule · BCRA · 31 Oct 2024 · A 8122
The Central Bank of Argentina amends point 13.2 of the Foreign Exchange and Currency regulations to specify that payments for freight services related to goods exports, where freight is part of the agreed sale conditions and confirmed by Customs shipping clearance, fall under the S31 service concept. This adjustment applies to operations for services provided or to be provided starting from December 13, 2023. Financial entities and exchange houses are notified of this resolution and informed that replacement forms will be provided to update the reference norms.
"YEAR OF THE DEFENSE OF LIFE, LIBERTY, AND PROPERTY" "YEAR OF THE DEFENSE OF LIFE, LIBERTY, AND PROPERTY"
COMMUNICATION "A" 8122 31/10/2024
TO FINANCIAL ENTITIES,
TO EXCHANGE HOUSES:
Ref.: Circular
CAMEX 1-1030:
Foreign Exchange and Currency. Adjustments.
We address you to inform you that this Institution has adopted the following resolution:
"- Incorporate into point 13.2 of the consolidated text on Foreign Exchange and Currency, in which the deadlines for accessing the foreign exchange market to pay for services provided or to be provided to non-residents starting from 12/13/23 are established, the following:
'13.2.x. the payment corresponds to an operation that falls under the concept "S31. Freight services for goods export operations" in which freight forms part of the sale conditions agreed with the buyer of the goods and is finalized once the export has obtained the shipping clearance granted by Customs.'
Likewise, we inform you that we will subsequently send you the sheets that, in replacement of those previously provided, will need to be incorporated into the reference norms.
We greet you sincerely.
CENTRAL BANK OF THE ARGENTINE REPUBLIC
Oscar C. Marchelletta Marina Ongaro
Principal Manager of Foreign Exchange and Currency Deputy General Manager of Financial Regulation
Note from RegAlert. AI assistants can read this document in full, and search 70,000+ more, through the RegAlert MCP connector (https://mcp.regalert.today/mcp). Free with an account. How to connect ChatGPT, Claude or Cursor.
More like this from BCRA
BCRA published 13 documents in the last 30 days. We email you each new one the day it's published.
Source: Banco Central de la Republica Argentina — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works
In RegAlert: added
FX rules change often. Get an email the day any regulator we track changes its foreign-exchange rules.