Special Bulletin on Foreign Trade Important Changes to Customs Regulations

Dear clients and friends,

We are pleased to let you know about the issuance of Decree 349 of 2018 by which the Ministry of Finance modified Decree 2685 of 1999 and Decree 390 of 2016.

The main purpose of this new decree is to clarify the gradual coming into force provided by Article 674 of Decree 390 of 2016. The decree clarifies that the provisions of the new customs law that have not been regulated or which were not made to come into force immediately after enactment will come into force after the tax authority (DIAN) places in operation entirely the new informations system through which customs duty users may meet their customs duties obligations. In any event, the new information system must be ready and running no later than November 30, 2019.

Also, this new decree seeks to clarify and match the obligations of each one of the foreign trade operators with the applicable penalties in case any of them commits a customs duty administrative infraction. This was one of the difficult issues surrounding the coming into force of Decree 390 of 2016.

The most important modifications to Decree 2685 of 1999 are the following:

Now, the most important modifications to Decree 390 of 2016 are the following:

The provisions of this decree that modify Decree 390 of 2016 came into force since March 7. On the other hand, the provisions that modify Decree 2685 of 1999 came into force since February 20.

If you want to review this new decree, click on this link

We provide the above information as a special service for our clients and friends, but this does not constitute legal advice.