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ANNOUNCEMENT 06 Aug 2019
The Colombian Government has modified the applicable import duty on products classified under HS Code chapters 61 and 62.
NUMBER OF INTERVENTIONS
1
SOURCE
Official Gazette of Colombia. Diario Oficial. Ministerio de Comercio, Industria y Turismo. Decreto Nº 1419 de 6 de agosto de 2019. Available at: https://dapre.presidencia.gov.co/normativa/normativa/DECRETO%201419%20DEL%2006%20DE%20AGOSTO%20DE%202019.pdf
Suin-Juriscol. DEcreto 1786 de 2017. Available at: http://www.suin-juriscol.gov.co/viewDocument.asp?ruta=Decretos/30034234
On 6 August 2019, the Ministry of Commerce, Industry and Tourism of Colombia has adopted Decree 1419/2019 changing the applicable import tariff on certain articles of apparel and clothes.
In particular, the new import duties have been set at 37.9% for products with a FOB value equal or below USD 20.00 per kilogramme, and 10% plus USD 3.00 per kilogramme for products with a FOB value greater than USD 20.00 per kilogramme. Previously, the applicable import tariffs were set at 40% for products with a FOB value equal or below USD 10.00 per kilogramme.
The new legislation applies only products classified under tariffs subheadings 61 and 62, as well as it is limited to countries with which Colombia does not have any Free Trade Agreement.
Decree 1419/2019 is to enter into force on 3 November 2019.