External Collections and Payments Circular COPEX 1-4

CENTRAL BANK OF THE ARGENTINE REPUBLIC

COMMUNICATION "A" 48
23/07/81

TO FINANCIAL INSTITUTIONS AUTHORIZED TO OPERATE IN FOREIGN EXCHANGE AND EXCHANGE BROKERS:
RES DE CAMBIO:

Ref.: Circular EXTERNAL COLLECTIONS AND PAYMENTS - COPEX - 1 - 4

We are pleased to address you in relation to the provisions made known through Circular COPEX - 1 and complementary ones, in order to bring to your attention the modifications that will govern as of this date:

1 - Exports

a) The term established by Circular COPEX - 1 - 3 point 1 subsection a), for the entry of the value of exports of the products indicated below, is extended, which may be made up to 90 days counted from the date of shipment provided that its payment is documented by irrevocable letter or letter of credit.

07.05.00.00	Dried pulses.
24.01.00.00	Tobacco in leaf or unmanufactured, tobacco waste.
24.02.00.00	Manufactured tobacco, tobacco extracts or juices.
27.01.00.00
a	Mineral fuels, mineral oils and products of their distillation,
27.17.00.00	bituminous substances, mineral waxes.
32.01.00.01
a	Quebracho extract.
32.01.00.04
53.01.02.01
a	Washed wools.
53.01.02.05
53.01.02.06
a
53.01.02.08	Carbonized wools.
53.01.02.11
a
53.01.02.12

b) The term set by Circular COPEX - 1 - 3 (Communication "A" 39) of 22.6.81, point 1 subsection b), is extended to 360 days for exports of books and magazines printed and published in the country, included in the following NADE positions:

49.01.00.01
a
49.01.00.04
49.02.00.01

• // -

2 - Imports

The imports detailed below are excluded from the obligation of payment at a minimum of 180 days established by Circular COPEX - 1 - 3 (Communication "A" 39) of 22.6.81, point 2, whose FOB value, consequently, may be paid in whole or in part, against shipping documents or with installment financing:

a) products included in the current Argentine National List for the Latin American Integration Association, in the lists of non-extensive advantages and other special ones agreed to Bolivia, Ecuador, Paraguay and Uruguay and in Complementarity Agreements signed in that area by the Argentine Republic.

b) newspapers, magazines and other periodical publications, NADI: 49.02.00.01.00 49.02.00.02.00

c) imports in the customs areas established by Law 19.640 (National Territory of Tierra del Fuego, Antarctica and South Atlantic Islands).

We greet you very attentively.

CENTRAL BANK OF THE ARGENTINE REPUBLIC

Antonio E. Conde
Manager of
Foreign and Exchange
Evaristo H. Evangelista
Deputy General Manager