Choose Language
China United States United Kingdom South Korea India Pakistan Indonesia Vietnam Canada Japan Argentina France Australia Singapore Egypt

B2B Marketplace | Sign In | Join Free


Panama Import regs.: Used Equipment

Discuss the sanitary standards, prohibited imports regulations, licenses, and free trade zone in Panama.

Panama Import regs.: Used Equipment

Postby bridgat » Tue Nov 18, 2008 6:07 am

There are no restrictions on the import of used equipment in Panama.

The customs value of used goods is determined on the basis of the transaction value if the invoices come from a supplier or seller of used goods recognized by the customs authority on the basis of checks carried out by its Valuation Section. Used goods are goods which have been produced or manufactured and which, having been the subject of a first sale, have already been utilized for their intended purpose. Moreover, acceptance of the transaction value requires: (i) in the case of a recognized used goods seller, proof that the value approximates the values in the Customs Administration's records; or (ii) in other cases, that the invoice data correspond to the condition in which the used goods are presented.

For customs purposes, imports of used equipment are treated the same as new equipment. The customs office will estimate the actual value of the equipment and based on this estimate will calculate the customs charges -- duties, customs fees, and applicable domestic taxes.

PUBLIC HEALTH INSTITUTIONS CANNOT BUY USED OR REFURBISHED EQUIPMENT. By law, the Government can only buy new equipment.
bridgat
 
Posts: 1180
Joined: Thu Nov 13, 2008 12:51 am

Return to Panama

Who is online

Users browsing this forum: No registered users and 0 guests

cron