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ARTICLES

LEGAL RESOURSES

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    • ARTICLE 119A: REQUIREMENTS TO BE FULFILLED BY GENERAL WAREHOUSES TO OBTAIN THE AUTHORIZATION AS A FISCAL DEPOSIT

     

    The general warehouse of deposit may obtain the authorization referred to in article 119 of this Law (LA: Art. 119) when they are up to date in the fulfillment of their tax obligations, they prove ownership or legal possession of the facilities in which they will provide the merchandise storage service and comply with the other requirements established by the Service Tax Administration (Servicio de Administración Tributaria) through rules.

    Merchandise that is introduced to the fiscal deposit regime may remain there for a period of twenty-four months.

    The authorization will be granted with a validity of up to ten years, or by which the general warehouse of deposit request to accredit the ownership or legal possession of the facilities object of their request, if it is minor.

    The authorization referred to in the first paragraph of this article will be canceled, when the holder incurs in any of the following cases:

  • Allow the withdrawal of merchandise without complying with the formalities for its return abroad or without paying contributions and, where appropriate, compensatory fees caused by its import or export;

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  • When storing merchandise in the fiscal deposit should not be subject to said regime in terms of article 123 of this Law (LA: Art. 123);

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  • When for any reason fails to comply with the requirements required for the granting of the authorization or, where appropriate, with the provisions of the third paragraph of article 119 of this Law (LA: Art. 119), and

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  • In the other cases provided for in this Law, its Regulations and the respective authorization.

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    The customs authority shall cancel the authorization, in accordance with the procedure provided for in article 144-A of this Law. (LA: Art. 144A)