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Argentina Sets Criterion Values for Rubber Balloons

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 (General Resolution 4330/2018) setting new criterion values for rubber balloons. 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.

NCMUnitCriterion Value
FOB US$
Rubber Balloons
9503.00.99 (printed)KG10.00
9503.00.99 (not printed)KG7.00
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