ANNOUNCED AS TEMPORARYNo
On November 2, 2010, the Government of Argentina has introduced reference prices applicable to certain parts of string instruments classified under tariff subheading NCM 9209.92.00.
The new reference price has been established at a FOB value of USD 10.80 per kilogram. Previously to this resolution, no import criterion values applied to this product.
The new reference prices affect the following jurisdictions: the Republic of Korea, Democratic People's Republic of Korea, China, Chinese Taipei, Philippines, Hong Kong, India, Indonesia, Malaysia, Pakistan, Singapore, Thailand and Vietnam.
The measure took effect on 4 November 2010.
Argentina introduced reference values of precautionary nature forimportedgoodsinJune2005(in Spanish:valorescriteriodecarácter preventivo). The stated purpose is to strengthen customs control and prevent under-invoicing. Importers are required to provide guarantees for the difference in duties and taxes if the declared price of an import is lower than its reference price (see 7th GTA Report and 2014 National Trade Estimate Report).A list with all current import reference prices can be consulted under:www.afip.gov.ar/aduana/valoracion/valores.criterios.pdf
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