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MEF improves customs regulatory framework to facilitate foreign trade operations. Courtesy MEF
Lima, May 13.
The Ministry of Economy and Finance (MEF) approved improvements to the customs regulatory framework with the aim of optimizing processes related to the entry, transit, and exit of goods. The measure incorporates changes aimed at simplifying procedures, reducing costs and times for foreign trade operators, without affecting proper customs control.
In this way, the aim is to facilitate commercial operations, improve compliance with obligations, and strengthen the efficiency of customs processes. These modifications were approved through Supreme Decree N.° 076-2026-EF, published in early May, which amends the Regulations and the Table of Sanctions of the General Customs Law.
"These improvements allow progress towards more agile and predictable customs processes, with lower costs and times for operators, which contributes to strengthening the competitiveness of foreign trade. At the same time, they preserve proper customs control, incorporating more efficient and proportional criteria in procedures and sanctions," said the Minister of Economy and Finance, Rodolfo Acuña Namihas.
Among the main changes, carriers are allowed to opt for substituting confiscation with a fine when goods are undeclared or there are discrepancies during transit or transshipment destined for third countries.
Likewise, the mandatory physical inspection is eliminated for all operations of re-importation in the same state, temporary admission for re-exportation in the same state, and temporary export for re-importation in the same state, leaving its application only to cases determined by risk management techniques.
Furthermore, it is stipulated that the carrier must process the transport documents for cargo in transit to other destinations only before the customs intendancy of the first national port of arrival.
It details that, regarding sanctions, the rectification of the customs declaration is incorporated as a non-sanctionable event when it concerns insurance values, freight, related expenses, or others determined by the Customs Administration.
Fines related to the untimely incorporation of transport documents by sea, non-compliance with advance clearance prior to customs request, and incorrect declaration when there are no unpaid taxes or surcharges are also reduced.
Additionally, the fine for not transmitting supporting documentation in the declaration numbering, prior to a Customs request, is limited, and the amount of the sanction for incorrect declaration when there are unpaid or unsecured taxes or surcharges is harmonized in line with the treatment provided in the tax sphere.
With these changes, the MEF states that it reaffirms its commitment to continue promoting regulatory improvements that facilitate foreign trade, reduce surcharges for operators, and strengthen the country's competitiveness, while maintaining efficient and adequate customs control.
Source: Andina
