Commercial Information Circulars
24-hour hotline : 23 922 922
e-mail address : enquiry@tid.gov.hk
Ref. : EIC 411/2
22 July 2019
Dear Sirs,
Commercial Information Circular No. 550/2019
Argentina : List of Products Subject to Criterion Values
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.
2.The list of products subject to criterion values is frequently modified and applied to imports from 29 country groups, of which Hong Kong is included in 11 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.
3.For details, traders are advised to consult their importers in Argentina and/or the above Argentine list of criterion values.
ENQUIRIES
4.For enquiries about the content of this circular, please contact Miss K Y HO at telephone number 2398 5405.
Yours faithfully,
(Ms Lydia CHAN)
for Director-General of Trade and Industry
Note: While every effort is made to ensure the accuracy of the above information, the Department cannot guarantee this to be so and will not be held liable for any reliance placed on the same.