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New procedures relating to Import Licenses, CNP, and CIP

Presidential Decree No. 1,192 was published in Official Gazette No. 40,482 of August 25, 2014 (the “Decree”). Said Decree establishes that the issue, modification, granting, and revocation of Import Licenses, Certificates of No National Production (Certificados de No Producción Nacional - “CNP”), and Certificates of Insufficient Production (Certificados de Insuficiencia de Producción - “CIP”) will be centralized by the National Center of Foreign Trade (Centro Nacional de Comercio Exterior - “CENCOEX”) and the authorization of the same may only be issued after the approval of the Executive Vice-president. CENCOEX will establish the mechanisms and procedures through which the aforementioned licenses and certificates will be processed.

 

The Decree establishes that the Import Licenses, CNP, and CIP issued before the entry into force of the Decree will remain valid up to the date of expiration indicated in the same for the items and number of shipments authorized by them. In the event of processing of matters for the resolution of which the filing of Import Licenses, CNP, or CIP is required, the competent agencies and entities will not accept said documents if they are issued after August 25, 2014 by agencies or entities other than CENCOEX.

 

Up to the time when CENCOEX establishes the relevant procedures for the issue, modification, granting and renewal of Import Licenses, CNP, and CIP, CENCOEX will coordinate the different administrative units of receipt of requests, processing, and issue of the certificates and licenses mentioned above, at the different Ministries of the Popular Power or the entities assigned to them, in order to assure administrative continuity without impairing compliance with the Decree.

 

The Decree entered into force upon its publication in the Official Gazette.

 

In order to access the Decree, please click here.

 

“NOTE: THIS INFORMATION SHOULD NOT BE CONSTRUED AS LEGAL ADVICE ON ANY SPECIFIC MATTER AND ITS CONTENT ARE INTENDED AS A MANAGEMENT ALERT AS TO CURRENT DEVELOPMENTS IN VENEZUELA, ANY SPECIFIC LEGAL QUESTIONS REGARDING THE POSSIBLE APPLICATION OF NEW OR PROPOSED LEGISLATION TO PARTICULAR SITUATIONS SHOULD BE ADDRESSED TO TRAVIESO EVANS ARRIA RENGEL & PAZ.”