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Temporary Import Permit (PIT) and Caution Policy (Bond)
Overview
Import clearance
If you move to Argentina and are not an Argentine citizen, you can import most of your household goods "duty-free" as long as those goods are re-exported at the end of your assignment. In order for the customs officer to provide you with "duty-free" entry, you must obtain a "Temporary Import Permit (PIT)" and insurance for that permit, a "Caution Policy (bond)".
Your moving company will help you obtain the PIT during the process of importing your home goods and you are responsible for obtaining the Bond. Please check with your HR
department in Argentina to see what help they provide to obtain the Bono.
During your stay
During your stay in Argentina you must ensure that your PIT and Voucher are renewed as many times as necessary until your departure. You can find and designate a local agent, the mover, or sometimes your local human resources department to help you track and renew your PIT. It's not uncommon for companies to simply provide employees with a list of local vendors who can offer these services.
Export customs
When you leave Argentina, you will need to provide your current PIT and Bonus to the
customs officer so that you can re-export your goods duty-free. If your PIT and Bond have not been renewed and are not active at the time of export, you may be required to pay a fine which could be up to 400% of the amount of the Surety (Bond) policy.
Foreigner and with a temporary visa?? Find out if you can import part of your move “tax-free”
Processes
1. After your shipment arrives in Argentina, Customs officials will issue a Provisional
Import Permit (PIT) and provide a copy to the mover that assists with the importation of the shipment.
2. The mover will provide the PIT to you or your company's human resources department. You, your HR Company, or your designated agent, will obtain the Precautionary Policy (Bond) based on the value assigned by Customs noted in the PIT. Check with your HR before your products arrive to find out what support they will provide.
3. The details of the bond must be shared with the moving company so that they can register it with Customs, in the Malvinas Information System. The total process should not take more than 7 days. Otherwise, the shipment will incur extra charges at the port.
4. With the PIT and Bond completed, the mover will be able to finish the import process and clear customs.
5. During your stay in Argentina you must ensure that your PIT and Bonus are renewed as soon as possible, as many times as necessary until your departure. You can find and appoint a local agent, the moving company or sometimes your local human resources department to help you track and renew your PIT.
6. When you leave Argentina, you must provide your current PIT and Bond to customs so that you can re-export your goods duty-free. If your PIT and Bond have not been renewed and activated at the time of export, you may be required to pay a fine that could be up to 400% of the amount of the Surety policy.
7. When re-exporting your move from Argentina, you must carry the same weight/volume of
goods (or more) than you imported. You cannot export less volume/weight. This does not apply if the surety policy has been cancelled, for example: you have received residence and processed the corresponding PI83 (cancellation of the PIT in customs).
When re-exporting your move from Argentina, you must carry the same weight/volume of
goods (or more) than you imported. You cannot export less volume/weight. if you don't
applies if the surety policy has been cancelled, example: you have received
residence and process the corresponding PI83 (cancellation of the PIT at customs).
TRANSPACK ARGENTINA OCTOBER 2022
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