Sugar imports from Colombia have exceeded the volume allowed for the exemption from the additional ad valorem duty. As a result, sugar imports that fall under certain tariff codes will be subject to a higher tariff rate.
Through Statement DGA-007-2022, Costa Rica’s General Customs Directorate announced sugar imports of Colombian origin corresponding to tariff codes 1701.99.00.00.10 and 1701.99.00.00.99 will be subject to the additional ad valorem duty. The additional ad valorem duty will apply because sugar imports from Colombia have exceeded the volume allowed for the exemption from the additional ad valorem duty, as established in Resolution RES-DGA-500-2020 of November 25, 2020.
Source EY
Latest Posts in "Colombia"
- Colombia VAT Refund Deadline for Electric and Hybrid Vehicle Buyers
- Colombia Introduces VAT Exemption for Qualifying Earthquake-Recovery Investments
- DIAN Ruling Confirms Transfer Pricing Adjustments Do Not Automatically Affect Creditable VAT
- Colombia Grants Temporary E-Invoicing Relief in Disaster-Affected Jurisdictions
- Colombia Introduces VAT Relief for Music Sector Under New Music Law
