ANNOUNCED AS TEMPORARYNo
On 22 December 2010, the Federal Administration of Public Revenue (AFIP) adopted General Resolution 2998, which introduces reference prices on imports of certain warp knitted fabrics of synthetic and artificial fibres, from certain Asian countries. The items figure under the Mercosur Nomenclature codes 6005.31.00, 6005.32.00, 6005.33.00, 6005.34.00, 6005.41.00, 6005.42.00, 6005.43.00, and 6005.44.00. The corresponding reference prices, which represent free on board values, range from USD 3.25 per kg to USD 5.00 per kg.
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
The measure took effect on 2 January 2011.
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