Summary.
Cabinet Decree 19 amends Panama’s Import Tariff schedules and rates for the products listed in its first article.
What it covers.
- Amends Import Tariff schedules.
- Sets rates for the listed products.
- Requires an authenticated copy to be sent to the Legislative Assembly (Asamblea Legislativa).
Who it applies to.
- Importers of products in the listed tariff schedules.
- Authorities responsible for applying the Import Tariff.
Key points.
- Article 195 of the Political Constitution grants the Cabinet Council (Consejo de Gabinete) authority to set and amend tariffs.Art. 195
- That authority covers rates and other provisions concerning the customs regime.Art. 195
- The decree directs that an authenticated copy be sent to the Legislative Assembly under item 7 of Article 195 of the Political Constitution.Art. 195
Validity and changes.
- Import Tariff (Arancel de Importación)First article: amends the listed tariff schedules and rates.