Global Trade Alert

On June 25, 2012, the Government of Argentina adopted reference prices applicable to the importation of certain type of plastic builder´s ware for bathrooms and kitchens from several Asian and Latin-American countries. The products subject to this measure are classified under the following tariff line of the MERCOSUR's Harmonized System: 3925.90.90.
 
These reference prices will enter into force on June 27, 2012.
 
Argentina introduced reference values of precautionary nature forimported goods in June 2005 (in Spanish: valores criterio decarácterpreventivo). The stated purpose is to strengthencustomscontrolandprevent under-invoicing. Importers arerequired toprovideguaranteesfor the difference in dutiesand taxes ifthedeclaredprice of animport is lower thanitsreferenceprice(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