Commercial Information Circulars
24-hour hotline : 23 922 922
e-mail address : enquiry@tid.gov.hk
Ref : EIC 411/2
14 July 2016
Dear Sirs,
Commercial Information Circular No. 567/2016
Argentina : List of Products Subject to Criterion Values
This circular supersedes Commercial Information Circular no. 149/2016 issued on 3 February 2016.
2.The Argentine government has implemented the criterion value mechanism on a broad range of imported products. Criterion values are import reference values established to tackle under-invoicing of imports and tax evasion. Imports with a declared value lower than the criterion value require payment of a guarantee equivalent to the difference in duties to be paid on the declared value and that on the criterion value. Imports will be granted customs clearance only if the guarantee is paid.
3.The list of products subject to criterion values is frequently modified and applied to imports from 26 country groups, of which Hong Kong is included in eleven of them (Groups 4, 8, 10, 12, 17, 20-22, 24 and 27-28). An updated list of the current criterion values is available at: http://www.afip.gob.ar/Aduana/valoracion/valores.criterios.pdf.
4.For details, traders are advised to consult their importers in Argentina and/or the above Argentine list of criterion values.
ENQUIRIES
5.For enquiries about the content of this circular, please contact Mr Lewis LAU at telephone number 2398 5405.
Yours faithfully,
(Mr Adonis YUEN)
for Director-General of Trade and Industry