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Colombia Import Regs.: Temporary Entry

Introduce and discuss the basic regulations and standards of Colombia. Any experience in trading with Colombia companies? Come here to share with us!

Colombia Import Regs.: Temporary Entry

Postby bridgat » Tue Nov 18, 2008 4:20 am

Colombia does not honor ATA carnets. Non-fungible merchandise that can be thoroughly identified by marks, serial numbers, or other symbols can be temporarily brought into Colombian territory for specific purposes. The merchandise must be re-exported (unaltered) immediately after the pre-authorized period of time, without being subject to any alteration or modification, except for the normal deterioration/depreciation caused by use.

There are two categories for temporary imports. The National Directorate of Taxes and Customs (DIAN) decides which of the two systems has to be applied to a specific case:

Short Term: This allows the importation of merchandise for a specific purpose during a period of time that should not exceed 6 months; one 3 month extension can be requested and approval must be obtained before expiration of the initial authorization. Short term import duties are not subject to import duties, but a guarantee equivalent to 10 % of the corresponding import duties must be presented to obtain approval.

Long-Term: Colombian Customs regulations also allow for long-term temporary importation of equipment for a period of up to 5 years. Under this regulation, the Government allows importation of machinery and equipment as well as related accessories and spare parts if they are included in the same one-time- only shipment. This system is applied to equipment to be used in public works projects and other activities that are important for national economic and social development. Long-term temporary imports are also approved for machinery and equipment brought into the country under leasing contracts within a term of 6 months to 5 years.

Long-term customs declarations for temporary imports must include the U.S. dollar calculation of duties and taxes in accordance with the tariff schedule effective on the submission date. The total amount may be divided into equal quotas to be paid semi-annually, during the temporary import period. The importer may be requested to establish a guarantee equivalent to 100 % of the import duties. Import duties are non-refundable.

Demonstration Equipment: The international carnet system for temporary imports of demonstration equipment (to be used in promotional campaigns or trade shows) is not in effect in Colombia. DIAN has implemented an alternative system. Visitors bringing in equipment for demonstration purposes are requested to fill out a special form provided by DIAN upon their arrival at an international airport. The equipment may stay in the country up to 90 days. There is no deposit requirement.
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