Summary.
The Cabinet decree adopts amendments to the Harmonized System nomenclature and subjects imports to the rates in the Import Tariff. It establishes the official text for interpreting tariff classifications.
What it covers.
- Adoption of amendments to the tariff nomenclature.
- Tariff rates applicable to imported goods.
- Interpretation of tariff classifications.
Who it applies to.
- Persons importing goods into the Republic of Panama.
- Authorities applying the Import Tariff.
Key points.
- Adopts the amendments to the Harmonized System nomenclature recommended by the Customs Cooperation Council (Consejo de Cooperación Aduanera) on June 25, 1999.Art. 1
- Subjects imports of goods to the rates in the Import Tariff attached to the Cabinet decree.Art. 2
- Establishes the Harmonized System Explanatory Notes, in their sole Spanish-language version, as the official text for interpreting tariff classifications under the Import Tariff.Art. 3
- Repeals provisions that conflict with the Cabinet decree.Art. 4
- Directs that a copy of the Cabinet decree be sent to the Legislative Assembly (Asamblea Legislativa).Art. 5