ANNOUNCED AS TEMPORARYNo
On 30 November 2011, the Federal Administration of Public Revenue (AFIP) adopted General Resolution 3230, which introduces reference prices on imports of synthetic wine bottle corks from Canada, Mexico and the USA. The items figure under the Mercosur Nomenclature code 3923.50.00. The corresponding reference price, which represents the free on board value, is USD 9.00 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).
The measure entered into force on 7 December 2011.
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