12 Aug 2016
Argentina Sets New Criterion Values for Spectacle Frames from Hong Kong
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 an administrative notice (General Resolution 3908/2016) modifying the criterion values in place for frames and mountings for spectacles, googles or the like from a number of suppliers, including Hong Kong. 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.
|NCM||Unit||Criterion Value |
|9003.11.00 (of plastic)||Piece||6.60 to 8.50, depending on the product|
|9003.19.10 (of titanium)||Piece||7.80 or 8.50, depending on the product|
|9003.19.10 (of other base metals)||Piece||7.60 or 8.50, depending on the product|
|9003.19.90 (of other materials)||Piece||7.50 or 9.90, depending on the product|