Summary.
The Cabinet decree amends Import Tariff entries for motor vehicles and changes how imported used vehicles are valued.
What it covers.
- Tariff entries for vehicles, ambulances, and hearses.
- The valuation and taxation of imported used vehicles.
- Depreciation applicable to certain used vehicles.
Who it applies to.
- Importers of motor vehicles.
- Importers of used vehicles.
Key points.
- Amends Import Tariff entries for motor vehicles, including ambulances and hearses.Art. 1
- Amends Supplementary Note No. 2 to chapter 87 of the Import Tariff.Art. 2
- Used vehicles under heading 87.03 are valued and taxed as new vehicles; those manufactured at least three years before entry into the country are subject to noncumulative percentage depreciation rates.Art. 2
Validity and changes.
- Import Tariff (Arancel de Importación)Art. 1: amends entries for motor vehicles; Art. 2: amends Supplementary Note No. 2 to chapter 87.