ANNOUNCEMENT 13 May 2013In May 2013, the government of Argentina announced a change in import duties.
NUMBER OF INTERVENTIONS
AFIP news item of 17 May 2103 (in Spanish): http://www.prensa.argentina.ar/2013/05/17/40813-fijan-nuevos-valores-para-la-importacion-de-tejidos-de-fibras-de-poliester-y-artificiales.php
Resoluci?n General 3497 of 13 May 2013, published in Official Gazette of 17 May 2013 (in Spanish): http://www.infoleg.gob.ar/infolegInternet/anexos/210000-214999/214414/norma.htm
Managed Exports and the Recovery of World Trade: The 7th GTA Report (Chapter 4, p. 55): http://www.globaltradealert.org/managed-exports-7th-gta-report
2014 National Trade Estimate Report on Foreign Trade Barriers (pp. 20-21): http://www.ustr.gov/about-us/press-office/reports-and-publications/2014-NTE-Report
On 13 May 2013, the Federal Administration of Public Revenue (AFIP) adopted General Resolution 3497 which introduces reference values on imports of various types of synthetic fabrics (such as polyester) originating from various Asian countries. The goods figure under the Mercosur Nomenclatures (NCM) 5513.12.00, 5513.23.10, 5513.39.11, and 5513.49.11. The corresponding reference prices are free on board (FOB) and range from USD 3.83to USD 8.47 The measure took effect on 21 May 2013.
Argentina introduced reference values of precautionary nature for importgoods in June 2005. The stated purpose is to strengthen customs controland prevent under-invoicing. Importers are required to provideguarantees for the difference in duties and taxes if the declared priceof 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
On 7 February 2014, thereference prices for NCM 5513.23.10 were suspended by General Resolution 3585/2014 (see 'Related Measures').