Customs transit is a modality that allows the land transportation of national or foreign goods, under customs control, from one customs office to another within the national territory. This mechanism is essential for facilitating foreign trade and ensuring that goods reach their final destination in compliance with customs regulations. However, its proper application and adherence […]
Forfaiting is a valuable tool for exporters seeking to eliminate risks and guarantee cash flow in international transactions, especially in emerging markets or those with high credit risks. What is a Forfaiting Contract? Forfaiting is an international financing mechanism primarily used in foreign trade. It involves the purchase, by a bank or financial institution (the […]
The Colombian Tax and Customs Authority (DIAN) has taken a crucial step towards modernizing customs control in Colombia with the issuance of Resolution 192 of 2024. This regulation, which modifies Resolution 44 of 2019, significantly expands the use of electronic security devices (ESDs) or cargo tracking devices in customs transit operations. Which operations are affected? […]
Modification of Operations from Free Trade Zones to the Rest of the World (External Markets) – Article 523 of Resolution 046 of 2019 Recently, Resolution 000097 was issued, modifying Article 523 of Resolution 046 of 2019, which relates to the requirements for operations from Free Trade Zones (FTZ) destined for the rest of the world. […]
Consortia and Temporary Unions: Global Guarantee for Foreign Trade Operations Introduction to Consortia and Temporary Unions Consortia and temporary unions are associations between two or more companies that join forces to execute a specific project or activity. These legal structures allow companies to share resources, knowledge, and risks, facilitating the execution of large infrastructure projects, […]
Technical Analysis of Pre-Arrival Import Declarations: Calculation of Times According to DIAN Calculation of Times for Pre-Arrival Declarations According to a recent statement by the National Directorate of Taxes and Customs (DIAN), the method for calculating the times for submitting a mandatory pre-arrival declaration has been clarified. Specifically, neither the day the declaration is submitted […]
New Technical Regulation for Electrical Installations and Products – RETIE, Resolution 40117 of 2024 Background and Objectives The Technical Regulation of Electrical Installations (RETIE) aims to ensure the safety, reliability, and efficiency of electrical installations in Colombia. The proposed updates in the new regulation incorporate technological advancements and international standards to enhance the effectiveness of […]
Technical Analysis of DIAN Concept Number 100208192-436 of 2022. Obligations of Authorized Warehouses DIAN Concept Number 100208192-436 of 2022 establishes specific obligations that authorized warehouses must fulfill when receiving cargo from transporters or international freight agents. These obligations are essential to ensure the integrity and security of goods in the customs process. Below are the […]
Technical Analysis of DIAN Concept Number 100208192-390 of 2022 Differences between the Objection Document to Seizure and a Reconsideration Appeal DIAN Concept Number 100208192-390 of 2022 clarifies the differences between the objection document to seizure and the reconsideration appeal, two procedures used in the Colombian customs context to challenge decisions related to the seizure and […]
Analysis of the Principle of Favorability in Administrative Sanctioning Law: Applies to the Obligation Originating the Sanction Principle of Favorability in Administrative Sanctioning Law The principle of favorability in administrative sanctioning law is a fundamental guarantee that protects users against regulatory changes that may arise before the finalization of the administrative act deciding the imposition […]
