The Argentine Customs Bureau has suspended the export licenses of 59 companies for failing to convert their dollar export earnings into pesos in the timeframe required by Argentine law. The move comes after a federal courthouse dismissed a legal complaint by one of the companies that the requirements were unconstitutional.
The suspensions and disciplinary inquiries were conducted within the framework of a November 2022 Customs norm by which, if export earnings are not liquidated within 10 days, Customs can preemptively suspend a business’s export license while it investigates the operation.
Source: buenosairesherald.com