ANNOUNCED AS TEMPORARYNo
On April 11, 2016, the Ministry of Trade, Industry and Tourism of Colombia issued Decree 588 creating new tariff lines and resulting in the elimination of import tariffs on certain LED lamps and lighting. This legislation created six new ten-digits tariff lines falling under HS Codes 940510 and 940540 and set a zero-rate import levy on them. Previously import tariffs on these tariff lines had an import levy ranging from 5% to 15%.
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