Installation companies also includes, according to the document, value-added dedicated to repair parts of boats. It will also allow in the primary zones (ports) companies dedicated to repairing ships (shipyards) are developed; and the establishment of shipyards in secondary areas under the control of Customs, with guaranteed payments.
Existing and complementary to the Central American Uniform Customs Code customs regulations (CAUCA) is collected in a single document, through the adoption of Decree No. 12 of March 29, 2016.
With the approved document will be possible to improve the facilitation of international trade through simplifying processes, equip government spending Vs charging for services rendered, provide the cargo handling: security, transparency and traceability within the national territory, and fill existing legal gaps, among others.
installation companies also includes, according to the document, value-added dedicated to repair parts of boats. It will also allow in the primary zones (ports) companies dedicated to repairing ships (shipyards) are developed; and the establishment of shipyards in secondary areas under the control of Customs, with guaranteed payments.
Regarding merchandise traveling by land, implementation of the tracking system global positioning system (GPS devices for its acronym in English), thus eliminating physical custody it is contemplated. However customs escort service, will remain until Customs operate the new system.
With regard to deposit merchandise to the Order, Law 26 repealed the customs procedure contemplated them, thus restoring the Special Deposits. Importers, traders and industrialists nationals intending to establish a deposit Goods Order shall be provided with the corresponding Notice of Operation and also obtain a special license that will be issued by the Director General of Customs.
On the repayment of charges are made through this Cabinet Decree the terms set by the CAUCA. Establishes the deadline of 4 years for the taxpayer requests a refund, and in the case of the FTAs signed by the Republic of Panama, the period is extended to 1 year. In addition, conditions or types of circumstances warranting the repayment of charges are created.
Source: http://www.panamaamerica.com.pa/