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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 eight administrative notices setting new criterion values for central heating radiators, motorcycle helmets, ball bearings, new pneumatic rubber tyres, polyester staple fibre yarn mixed mainly or solely with cotton, wooden hangers, rattan seats, and radiobroadcast receivers of a kind used in motor vehicles combined with sound recording or reproducing apparatus. Additionally, four administrative notices have been issued rescinding the criterion values in place for mechanical gearboxes classified under NCM 8704.94.83, handbags classified under NCM 4202.29.00, portable CD players classified under NCM 8519.81.10 and 8519.81.90, and matches classified under NCM 3605.00.00.

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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