REPEX

The crude oil and its derivatives importation special customs regime (Repex) is the one which allows these products importation, with the taxes payment suspension, to subsequent exportation, on the same condition in which it was imported.

The regime will only be granted to the previously licensed company by the SRF, and that owns the National Oil Agency to run the import, export and refining activities of the mentioned products.

The importation may be made with or without exchange coverage and the export will be made exclusively in freely convertible currency.

The regime validity period will be for 90 days, extendable for one single time on an equal period.

Will be admitted the imported product used on domestic supply, on the regime validity period, provided that fulfilled the established export commitment.