ANNOUNCED AS TEMPORARYNo
On 6 January 2012, the Federal Administration of Public Revenue (AFIP) issued General Resolution 3245 decreasing the prices of the reference values applicable to garlic export (compare to previous measure under 'Related Measures').
The measure lists a free on board (FOB) price per kg in USD to each type of garlic including the countries of destination. The affected Mercosur Nomenclature (NCM) code is 0703.20.90 and the prices for each type of garlic range from USD 0.60 per kg to USD 2.10 per kg.
Although the resolution lists lower reference prices compared to the previous measure, the resolution includes a new tolerance level of 15 per cent, i.e., that the effective export price shall not be 15 per cent higher than the reference value.
Argentina introduced reference values of precautionary nature for export goods in 2005. The purpose is to safeguard the revenue derived from the payment of export duties (WTO Trade Policy Review). A list with all current reference values and countries of destination can be consulted under: www.afip.gob.ar/Aduana/valoracion/Valores%20Referenciales%20vigentes.pdf
The measure was effective retroactively, i.e., on 1 November 2011, and was suspended on 1 December 2012 by General Resolution 3443/2013 (see 'Related Measures').
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