ANNOUNCED AS TEMPORARYNo
On December 6, 2013, the Government of Argentina adopted reference prices applicable to the importation of toys from China, South Korea, Taiwan, India, and other countries.
In accordance with the Argentinean legislation, once a reference price is established, when a good subject to such prices is imported at a lower cost, the importer shall guarantee the difference between the reference price and the value declared at customs.
The products subject to this measure are classified under the following tariff lines of MERCOSUR's Harmonized System: 9503.00.10, 9503.00.21, 9503.00.22, 9503.00.31, 9503.00.39, 9503.00.60, 9503.00.80, 9503.00.91, 9503.00.97, 9503.00.98, 9503.00.99, 9504.90.90 and 9505.10.00.
The measure took effect December 11, 2013.
Argentina introduced reference values of precautionary nature for import goods in June 2005. 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 reference prices can be consulted under: www.afip.gov.ar/aduana/valoracion/valores.criterios.pdf
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