ANNOUNCED AS TEMPORARYNo
On May 20, 2013, the Government of Argentina adopted reference prices applicable to the importation of synthetic or artificial fabric wadding and woven warp knitted cotton from China, South Korea, Taiwan and other Asian countries. The product subject to this measure is classified under the following tariff lines of MERCOSUR's Harmonized System:5601.22.19 and 6005.22.00.
These reference prices entered into force on May 22, 2013.
Argentina introduced reference values of precautionary nature forimported goods in June 2005 (in Spanish: valores criterio de carácterpreventivo). The stated purpose is to strengthen customs control andprevent under-invoicing. Importers are required to provideguaranteesfor the difference in duties and taxes if the declaredprice of animport 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 <U+200E>
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