30 May 2019
Argentina Amends Criterion Value for Certain Babies’ Cotton Apparel
Argentinean authorities have a long-standing practice of setting reference/criterion values for a broad range of imported merchandise, which are purportedly aimed at preventing the under-invoicing of imports. The latest example includes an administrative notice amending to US$18.00 per kilogramme the criterion value for knitted or crocheted babies' garments and clothing accessories of cotton classified under NCM 6111.20.00.
Imports with a declared value lower than the criterion value require payment of a guarantee equivalent to the difference in duties to be paid on the declared value and the criterion value. The list of products subject to criterion values is frequently modified and covers imports from a range of countries. An updated list of current criterion values is available at http://www.afip.gob.ar/Aduana/valoracion/valores.criterios.pdf.