The forward was originally banned from all FIFA competitions for a year, which would have kept him out of Russia had the ban not been reduced by FIFA, after an appeal, to six months.
Guerrero was banned for a full year after his drug tests resulted positive for cocaine metabolite benzoylecgonine following the Peruvian national football club's World Cup qualifier against Argentina in October 2017.
Peru captain Paolo Guerrero will miss this summer's World Cup through suspension due to a positive doping test.
The footballer's ban lapsed this month, but on Monday (NZT Tuesday) the court ruled Guerrero would now serve a 14 months suspension - an "appropriate sanction in light of Mr Guerrero's degree of fault".
Guerrero is Peru's record goalscorer and was named in their preliminary Russian Federation 2018 squad over the weekend, but his joy at being selected to represent his country at their first World Cup since 1982 proved short-lived.
Guerrero, who has denied wrongdoing throughout, had also appealed to CAS to request the ban be annulled altogether.
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Guerrero was serving a suspension when Peru beat New Zealand 2-0 over two legs in last November's intercontinental World Cup play-off.
His lawyers argued Guerrero accidently consumed the stimulant by drinking contaminated tea and the player has protested innocence throughout the episode.
It said in a statement: "The Cas panel confirmed the existence of an anti-doping rule violation (ADRV) committed by Mr Guerrero but also accepted that he did not attempt to enhance his performance by ingesting the prohibited substance".
"Two arbitration procedures were registered by the CAS which were consolidated and referred to the same Panel of arbitrators who held a hearing with the parties at the CAS Headquarters in Lausanne on 3 May 2018".
Former Bayern Munich player Guerrero has scored 32 goals in 86 appearances for his country.
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