20 Jan 2017
Argentina Sets Criterion Values for Various Products
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 examples include five administrative notices (General Resolutions 3975/2016, 3977/2016, 3978/2016, 3979/2016 and 3980/2016) amending or establishing new criterion values for elastomeric synthetic filament yarn, certain unmounted brake linings, electric metres, aluminium bars and profiles, and non-cellular rubber plates, sheets, strip, floor coverings and mats.
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.
|NCM||Unit||Criterion Value |
|Elastomeric synthetic filament yarn|
|5402.44.00||KG||5.67 to 7.95, depending on the yarn’s features|
|Certain unmounted brake linings|
|Aluminium bars and profiles|
|Non-cellular rubber plates, sheets, strip, floor coverings and mats|