IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 24 Aug 2010 | Removal date: open ended
Still in force

Import tariff

On 17 August 2010, the Federal Administration of Public Revenue (AFIP) adopted General Resolution 2895, which introduces reference prices on imports of single and multiple or cabled yarn, containing at least 85% by weight of polyester, not intended for retail sale (except sewing thread), from certain Asian countries. The items figure under Mercosur Nomenclature codes 5509.21.00 and 5509.22.00. The corresponding reference prices, which represent free on board values, range from USD 1.78 per kg to USD 2.10 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 24 August 2010.

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

264 Textile yarn & thread of man-made filaments or staple fibres
5509 Yarn (other than sewing thread) of synthetic staple fibres, not put up for retail sale.
550921 Single yarn

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