Costa Rica Amends Customs Law
Costa Rica recently enacted an amendment to its general customs law, which put in place new “trade facilitation tools,” improved customs procedures to stop smuggling and new fines, KPMG said July 5. The new trade facilitation tools include deferred payments,…
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advance rulings and “accumulated declaration,” KPMG said. The country will also bolster its customs procedures to better “exercise control and inspection of trade,” KPMG said, and introduced a new $4,000 fine for certain violations.