Features of TIGIE and LIGIE

THAT IS THE LIGIE AND HOW TO DIFFERENTITE IT FROM THE TIGIE

It is important to know the main differences between the LIGIE (General Import and Export Taxes Act) and the TIGIE (General Import and Export Taxes Tariff) within the regulations of foreign trade in our country, and that's why we leave you this article in which we mention the functionality of each of them and their differences.


LIGIE


As we mentioned the LIGIE is the import and export tax law which as its main objective is to codify all goods and determine their classification in international trade by means of an internationally acceptable nomenclature for customs, statistical and transport purposes, as well as to regulate the entry and exit of goods and the means in which they are transported, or driven, within the national territory.


TIGIE

 

The General Import and Export Tax Act Tariff is a basic regulation for classifying the goods to be imported or exported and knowing the tariffs to be paid. The first Article specifies 12 thousand 498 tariff fractions, which serve as the basis for classifying exported or imported goods before customs. It also details the 22 sections in which each good is categorized.
According to this law, all goods must be placed in a six-digit universal identification code in order to apply the respective import or export tax. Depending on the country, two digits are added to that nomenclature, to recognize the tariff and the requirements for entering or disgetting a country's goods.

TIGIE is the main instrument for the operation of the country's trade policy, as it allows not only to classify products that are traded abroad, but also to establish a trade policy through the tariffs stipulated by the Act for each code within the Rate. In addition, the Tariff allows to obtain statistics to issue better public policies that promote the competitiveness of the country.

Using a customs broker will always give you advantages in the international transportation process as they are specialists in handling accurate documentation as a large amount of paperwork is involved in processes that include calculations of the types fees, duties and taxes on specific consumption and load assessment and classification. These documents have to be handled with caution as the lack of a single document can lead to a shipping delay per week. Customs agents are experienced and competent in handling efficiently.

In Grupo Griska we have a team of experts ready to support you in all your services, do not hesitate to contact us.

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