Venezuela
CADIVI apportions foreign currency for
import payments to domestic companies
with priority to food, medicine and defence
materials. Foreign currency is not granted
for imports of spirits, luxury goods and
motor vehicles.
Exports
Commercial invoice (with complete
description of goods to be exported), bill
of lading, packing list and, sometimes, a
certificate of origin.
Licences
Imports
Certain agricultural products and some other
products on health, safety, environmental or
national security grounds. Certain products
require a certificate of insufficiency or non-
domestic production.
Exports
Certain products require a certificate of
satisfied domestic demand.
Tariffs/Taxes
Imports
Venezuela still implements the ad valorem
common external tariff (CET) of the Andean
Community to its imports even though it left
CAN in April 2006.
A 1 percent handling fee and VAT of
12 percent is applied to imports.
Raw materials and locally produced
intermediate goods are subject to tariffs of
between 5 and 10 percent; capital and semi-
finished goods are subject to tariffs of 15
percent; finished goods are subject to tariffs
of 20 percent; cars are subject to a
35 percent tariff; and most agricultural
products are subject to a 20 percent tariff.
Tariff quotas apply to certain agricultural
imports.
Imports into Paraguaná and Margarita Island
are tariff free.
Exports
None.Financing requirements for imports/
exports
Authorisation from CADIVI must be obtained
for imports.
There are no financing requirements for
exports.Prohibited items
Imports
Motor vehicles, excluding hearses, prison
vans and ambulances.
Exports
There is no published list of prohibited
products.