ANNOUNCED AS TEMPORARYNo
On July 4, 2011, the Government of Argentina introduced reference prices applicable to the importation of certain type of cotton yarn and woven fabrics from India, Indonesia, Peru, Brazil, and other countries.
The products subject to this measure are classified under the following tariff lines of the MERCOSUR's Harmonized System: 5205.11.00, 5205.12.00, 5205.13.10, 5205.14.00, 5205.22.00, 5205.23.10, 5205.24.00, 5205.32.00, 5205.33.00, 5205.34.00, 5205.42.00, 5205.43.00 and 5509.51.00.
These reference prices entered into force on July 6, 2011.
Argentina introduced reference values of precautionary nature forimported goods in June2005(inSpanish:valorescriteriodecarácterpreventivo).Thestatedpurpose is tostrengthencustomscontrolandpreventunder-invoicing. Importersarerequired toprovideguaranteesfor thedifferenceindutiesandtaxesifthedeclaredpriceofanimport islowerthanitsreferenceprice(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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