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Argentina Seeks to Unify Customs Verification Procedures, Amends Requirements for Goods Subject to Criterion Values

Argentina’s General Customs Directorate (DGA) has issued a new protocol that aims to unify criteria and define the actions customs agents should follow during the merchandise verification process in order to achieve greater overall control and transparency. The new merchandise verification protocol sets forth guidelines for customs agents related to oversight when the merchandise is presented to Customs, orange channel destinations, red channel destinations, merchandise to be verified, verification acts, verification intervention of other areas and blocking the destination of the merchandise.

Separately, Argentina has rescinded a regulation that required products with a declared FOB value of less than 95 percent of the criterion value established by the DGA to, among other things, face advance value-added tax at a rate of 21 percent in the case of goods subject to a 21 percent VAT rate and 10.5 percent for goods subject to a 10.5 percent rate. The DGA still has the authority to establish criterion values as a means to combat the under-invoicing of imports. 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.

Content provided by Picture: HKTDC Research
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