5 March 2019
Argentina Sets Criterion Values for Welded Link, Pliers and Knitted Trousers
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 three administrative notices setting new criterion values for welded link of iron or steel; pliers, tweezers and similar articles; and men’s and boys’ cotton and synthetic fibre knitted trousers.
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.