CHAPTER VSYSTEM CONTROL PROCESSING UNDER CUSTOMS Art. 386-391

Criss Ramirez Bejarano

Processing under customs control.

• Is the customs procedure that allows the importation of goods that will be subject to processing and assembly, as well as in operations which alter their nature or state, to suspend payment of customs duties, import for later consumption or franchise or re-export. The goods imported remain in circulation so restricted.

Special provisionsThe authorization for this regime may be granted when the following conditions are met:• 1. Being an industry recognized as

such by the competent authority and be established in the national customs territory.

• 2. Demonstrate that the products resulting from the processing are obtained within the production process of goods subject to this regime.

• 3. Show that in the production process is possible for the customs authority the checks on compliance with the obligations under the regime.

Term

• The completion of the procedure must be in a period not exceeding one (1) year from the arrival of the goods at the national customs territory extended only once and for the term is justified, according to the conditions set by Dirección de Impuestos y Aduanas by general resolution.

• Enabling industrial facilities. The DIAN enable the facilities within which to conduct industrial processing operations given conditions to care properly, safe and efficient storage activity and the production process.

Enabling industrial facilities

Goods declared in this regime will face suspension of customs duties. At the end of the procedure by consumer import customs duties cause, assessed on the value of foreign parts and accessories used, taking into account the tariffs for tariff subheading produced unit.Waste, scrap or parts resulting from the processing, when subjected to import consumer pay customs duties in accordance with its classification under the Customs Tariff.

Payment

The procedure for processing under customs control ends in whole or in part:1) The re-export of the goods;2) export of goods;3) Imports for consumption within the deadline set by the DIAN4) Voluntary abandonment of the goods,

Termination of processing under customs control.

5) automatic abandonment, when within the period fixed by the DIAN, did not show the import declaration for consumption or franchise, or the goods be exported or re-exported.6) The destruction of the goods by force majeure demonstrated to the customs authority by denaturation or destruction of the goods, provided that the latter was made in presence of the customs authority.

Termination of processing under customs control.