About HKTDC | Media Room | Contact HKTDC | Wish List Wish List () | My HKTDC |
Save As PDF Print this page

Argentina Sets Criterion Values for Woven Fabrics and Rubber Tubes, Rescinds Values for Microphones and Certain Cases

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 two administrative notices amending the criterion values in place for (1) woven fabrics of synthetic filament yarn classified under NCM 5407.51.00 (criterion value ranges from US$2.28/kg to US$2.62), 5407.52.10 (criterion value ranges from US$3.37/kg to US$3.86/kg), 5407.53.00 (criterion value ranges from US$3.54/kg to US$4.05/kg) and 5407.54.00 (criterion value ranges from US$3.75/kg to US$4.03/kg); and (2) tubes, pipes and hoses of vulcanised rubber, other than hard rubber, reinforced or otherwise combined only with metal, without their fittings, classified under NCM 4009.21. 10 (criterion value of US$2.65/kg or US$3.00/kg) and 4009.21.90 (criterion value of US$2.75/kg).

Separately, Argentina has rescinded the criterion values in place on microphones classified under NCM 8518.10.10 and 8518.10.90 and certain cases classified under NCM 7326.90.90 and 7616.99.00.

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.

Content provided by Picture: HKTDC Research
Comments (0)
Shows local time in Hong Kong (GMT+8 hours)

HKTDC welcomes your views. Please stay on topic and be respectful of other readers.
Review our Comment Policy

*Add a comment (up to 5,000 characters)