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Argentina Sets New Criterion Values for CD-Rs, DVD-Rs and Phone Sets

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 3929/2016 and General Resolution 3930/2016) modifying the criterion values in place for (1) unrecorded CD-Rs and DVD-Rs classified under 8523.41.10, and (2) line telephone sets, except those with cordless handsets, classified under NCM 8517.18.91, from Hong Kong, mainland China and various other suppliers.

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.

NCMUnitCriterion Value
FOB US$
CD-Rs and DVD-Rs
8523.41.10 (CD-Rs)Piece0.09 to 0.15, depending on the product’s features
8523.41.10 (DVD-Rs)Piece0.115 to 0.17, depending on the product’s features
Line telephone sets
8517.18.91Piece4.10 or 6.00, depending on the product’s features
Content provided by Picture: HKTDC Research
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