ANNOUNCED AS TEMPORARYNo
On July 28, 2011, the Government of Argentina adopted reference prices applicable to the importation of certain type of transmission belts or belting, of vulcanized rubber reinforced only with textile materials from China, Taiwan, and other Asian countries. The product subject to this measure is classified under the following tariff line of MERCOSUR's Harmonized System: 4010.12.00.
These reference prices entered into force on August 1, 2011.
Argentina introduced reference values of precautionary nature forimported goods in June 2005 (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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