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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 example includes two administrative notices (General Resolution 4230/2018 and General Resolution 4231/2018) setting new criterion values for boilers, certain polypropylene filament yarn, woven fabrics obtained from strip or the like, and certain sacks and bags of a kind used for the packing of goods. 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
FOB US$
Boilers
8403.10.10 Unit 286
Polypropylene Filament Yarn
5402.48.00 KG 2.40 or 3.60, depending on the yarn’s features
Certain Woven Fabric
5407.20.00 KG 3.42
Sacks and Bags
6305.32.00 KG 3.77
6305.33.90 KG 3.54
Content provided by Picture: HKTDC Research
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