In Peru, the free exchange and free trade principles exist: there are no quantitative restrictions, licenses or exchange controls. The import of certain goods is prohibited on account of health or safety reasons. The import of farm products, fishing, or live animals is controlled by the Ministry of Agriculture. Veterinarian products, cosmetics and scents are required to be registered with the Ministry of Health. The import of raw materials, meant to be transformed into exportable products, is not taxed (Regime of Temporal Admittance). There are 4 free trade zones: the zone of treatment of export (in Chimbote, Ilo, Matarini, Paita and Trujillo), the tourist zones, the special trade zones (with 10% customs duty) and the development zones. Peru signed some bilateral trade agreements with Bolivia, Ecuador and the United States and some multilateral agreements with some organisations such as the ALADI.
Customs classification
Peru uses the harmonised system with classification and codification of goods. 90% of goods are taxed at 15% and the rest at 25%. There are special tariffs for a few groups of consumer goods. The objective of the government is to impose a general rate of 15%. Rates are calculated ad valorem on the CIF value of the goods. Apart from the customs duties, there is general tax on sales (IGV).
Import procedures
Peru uses the harmonised system with classification and codification of goods. 90% of goods are taxed at 15% and the rest at 25%. There are special tariffs for a few groups of consumer goods. The objective of the government is to impose a general rate of 15%. Rates are calculated ad valorem on the CIF value of the goods. Apart from the customs duties, there is general tax on sales (IGV).