Customs & Global Trade Flash
Safeguard measure on imports of milled rice
On October 21st 2015, the Directorate General of Customs issued the Resolution RES-SUB-DGA-392-2015 by which they informed the public that the customs system TICA of National Customs Service is still in the process of adjusting in order to allow the users to self-assess the safeguard measure applied to milled rice (1006.30.90.91 and 1006.30.90.99).
The milled rice became taxed from 35% to 59.88%, by adding a 24.88% to the import customs duty on the CIF value of total imports of milled rice, entering to Costa Rica.
This definitive safeguard measure was approved by the Ministry of Economy, Industry and Commerce (MEIC) in January 2015, after a study that evidence the link between the increased volume of imports of milled rice and the threat of serious injury to the domestic production.
After this approval, the MEIC authorized to the Directorate General of Customs the imposition of this measure over the level of the existing import customs tariff on milled rice. The measure will be applied for a period of four years.
What does it mean for your company?
If your company imports milled rice (tariff items 1006.30.90.91 and 1006.30.90.99), you will not be able to make the self-assessment of the definitive safeguard measure through the TICA system, until the Directorate General of Customs finishes the appropriate settings of the system.
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