On August 22, 2024, through Communiqué “A” 8094 (“Communiqué”), the Argentine Central Bank (“Central Bank”) introduced a new operation that allows access to the Single Free Foreign Exchange Market (“FX Market”) to pay for imports of railway goods formalized from June 13, 2024, for passenger and freight transport services under national jurisdiction.
In this regard, importers of railway goods will have access to the FX Market to process payments before the deadlines established by the Central Bank, which impose a deferral from the date of customs entry of 25% of the FOB value every 30 days, or, as of August 1, 2024, a payment deferral in two parts of 50% of the FOB value at 30 days and at 60 days from the date of customs entry.
Imports benefiting from this Communiqué must meet the following requirements to process these payments through the FX Market:
- be linked to an action plan implemented by the Secretariat of Transport of the Ministry of Economy within the context of the public railway emergency declared by Decree 525/24; and
- have documentation issued by the Secretariat of Transport certifying that the imported goods are included in the action plan.
