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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 four administrative notices setting new criterion values for certain automotive parts, lighters, men’s and boys’ synthetic fibre suits, and pliers (including cutting pliers), pincers, tweezers and similar tools. Additionally, the criterion value in place for certain cabinets classified under NCM 8473.30.11 has been rescinded.

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.

Table: Criterion Values for Various Products
Table: Criterion Values for Various Products

 

Content provided by Picture: HKTDC Research
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