ANNOUNCED AS TEMPORARYNo
On 10 July 2013, the Federal Administration of Public Revenue (AFIP) adopted General Resolution 3514 updating the reference values applicable to honey for export figuring under Mercosur Nomenclature 0409.00.00. The measure stipulates that the export price shall not deviate by more than 10% from the reference value:
Argentina introduced reference values of precautionary nature for export goods in 2005 (in Spanish: valores referenciales de carácterpreventivo). The stated purpose is to safeguard the revenue derived from the payment of export duties (see WTO Trade Policy Review). The reference values are based on free on board (FOB) prices in USD. Alist with all current reference prices can be consulted under www.afip.gob.ar/Aduana/valoracion/Valores%20Referenciales%20vigentes.pdf
The measure was effective on 17 July 2013 and suspends the former reference values on honey stipulated in General Resolution 3194 of 5 October 2011 (see "Related Measures").
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