17 June 2016
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 example includes three administrative notices (General Resolutions 3889/2016, 3893/2016 and 3895/2016) modifying and/or establishing new criterion values for certain footwear parts, guitars, backpacks, bags and certain other containers classified under NCM 4202.92.00, 6406.10.00, 6406.20.00 and 9202.90.00 from various sources, including Hong Kong and mainland China.
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 |
|6406.10.00||KG||10.28 to 35.00, depending on the product|
|9202.90.00||Unit||27 to 136, depending on the product|
|Backpacks, bags and certain other containers|
|4202.92.00||KG||4.90 to 11.00, depending on the product|