ANNOUNCED AS TEMPORARYNo
On 5 August 2013, the Federal Administration of Public Revenue (AFIP) issued General Resolution 3519 updating the reference values applicable to Argentine shortfin squid (illex argentinus) for export. The measure lists a price per kg in USD to each type of squid product including the countries of destination. The reference values affect the Mercosur Nomenclature (NCM) code 0307.99.00 and the values for each type of squid range from USD 0.90 per kg to USD 4.2 per kg.
Compared to the previous resolution (i.e., General Resolution 3110 of 2011, see also 'Related Measures'), this one differs in three points:
Argentina introduced reference values of precautionary nature for exportgoods in 2005 (in Spanish: valores referenciales de carácterpreventivo). The stated purpose is to safeguard the revenue derived fromthe 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 values can be consulted under: www.afip.gob.ar/Aduana/valoracion/Valores%20Referenciales%20vigentes.pdf
The measure was effective from 1 June 2013 until 31 December 2013. It suspends the previous General Resolution 3110 from 2011 (see 'Related Measures').
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