ANNOUNCED AS TEMPORARYNo
General Resolution 2956/2010 adopted by the Federal Administration for Public Revenue of Argentina on November 11, 2010, also decreased the reference prices applicable to the importation of electric irons (without steam) originating in certain locations. The product subject to this measure is classified under the following tariff line of MERCOSUR's Harmonized System: 8516.40.00.
The new reference price has been decreased from a FOB value of USD 8.00 per unit to a FOB value of USD 7.50 per unit. The previous applicable values were set at External Notice 100/2008.
This General Resolution affects the following jurisdictions: the Republic of Korea, Democratic People's Republic of Korea, Philippines, Hong Kong, India, Indonesia, Malaysia, Pakistan, Singapore, Thailand, Vietnam, Brazil, Colombia, Chile, Ecuador, Paraguay and Uruguay.
The new reference prices entered into force on 15 November 2010.
Import Criterion Values
Argentina introduced reference values of precautionary nature for imported goodsinJune2005(in Spanish:valorescriteriodecarácterpreventivo). 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 import reference prices can be consulted under:www.afip.gov.ar/aduana/valoracion/valores.criterios.pdf
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