Executive Order No. 548/2019 (hereinafter, the “Executive Order”) was published on August 8, 2019 in the Official Gazette reducing to USD 500 the cap to be paid as "statistical fee" when declaring import entries of capital assets to be used in projects approved under the program "RenovAr" (Rounds 1, 1.5 and 2). RenovAr aims at facilitating the generation of electric power from sources of renewable energy by granting fiscal and customs benefits.

Back in May, 2019 the cap of statistical fee was raised from USD 500 to USD 125,000 by means of Executive Order No. 332/2019. This new regulation, therefore, means a return to the old cap for imports falling under the scope described above.

Explore More Insight