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Argentina Sets New Criterion Values for Certain Fibres and Yarn

Argentina has issued an administrative notice modifying the current reference/criterion values for textured yarn of polyesters classified under NCM 5402.33.00, elastomeric filament yarn classified under NCM 5402.44.00, and polyester staple fibre classified under NCM 5503.20.10 and 5503.20.90 from 13 suppliers throughout Asia, including Hong Kong and mainland China. If such goods have declared values lower than the modified criterion values, which are purportedly aimed at preventing the under-invoicing of imports, the importer must pay a guarantee equivalent to the difference in duties on the declared value and the criterion value.

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