RULE 7.4.4: RENEWAL OF THE BOND OR EXTENSION OF THE TERM OF THE LETTER OF CREDIT

Taxpayers who have obtained acceptance to guarantee the tax interest provided for in rules 7.4.1. (RGCE 2020: Regla 7.4.1) and 7.4.7. (RGCE 2020: Regla 7.4.7), must submit through the Digital Window the renewal of the bond or the extension of the validity of the letter of credit, at least 20 days before the expiration date of the guarantee, by means of the "Single Format of Guarantees regarding the Value-Added Tax (Impuesto al Valor Agregado) and Special Tax on Production and Services (Impuesto Especial sobre Producción y Servicios)" of Annex 1. (RGCE 2020: Anexo 1)

For the purposes of issuing the acceptance of renewal or the extension of the validity of the tax interest guarantee, the General Administration of Foreign Trade Audit (Administración General de Auditoría de Comercio Exterior) will comply with the provisions of rule 7.4.1, section II. (RGCE 2020: Regla 7.4.1)

In the event that the renewal of the bond or the extension of the validity of the letter of credit is not presented in a timely manner and the provisions of this rule are not complied with, it will be deemed not presented and, in consequently, due to not renewing the bond or not extending the validity of the letter of credit, as appropriate. In this case, taxpayers must submit through the Digital Window, a new guarantee in terms of rules 7.4.1. (RGCE 2020: Regla 7.4.1) and 7.4.2. (RGCE 2020: Regla 7.4.2)

General Rules of Foreign Trade (RGCE) 1.2.1. (RGCE 2020: Regla 1.2.1), 7.4.1. (RGCE 2020: Regla 7.4.1), 7.4.2. (RGCE 2020: Regla 7.4.2), 7.4.7. (RGCE 2020: Regla 7.4.7), Annex 1 (RGCE 2020: Anexo 1)