Argentina Eases Documentary Requirements for Goods Subject to Criterion Values
08 June 2018
As part of on-going efforts to reduce the overall administrative burdens faced by trade operators, the Argentinean government has rescinded a regulation (External Note 57/2007, as amended by External Note 60/2007) that required importers to comply with certain additional documentary requirements when the declared value of imported merchandise was lower than the criterion value established by Argentinean Customs. In such instances, and when such imports originated in or were shipped from any one of 13 Asian suppliers (including mainland China and Hong Kong), the commercial invoice had to be validated by the customs authority of the applicable foreign country and any additional import documentation had to be submitted in its original form. However, this validation requirement has been terminated with immediate effect.
Until very recently, Argentinean ports were required to submit a copy of the import declaration, the transport document and the commercial invoice to the RILO Division at the General Sub-Directorate of Customs Oversight (Subdirección General de Control Aduanero) so that it could have the commercial invoice validated. In an effort to avoid potential delays, the importer could submit a copy of the commercial invoice visaed by the Argentinean consulate of the jurisdiction where that invoice was issued. In instances where the declared import value was lower than the criterion value established by Argentinean Customs and the importer chose to pay the difference on a voluntary basis, the importer was not required to comply with the provision to submit a visaed commercial invoice for purposes of customs clearance of the merchandise. However, the RILO division retained the authority to request documentation from the importer to ascertain the value of the merchandise if any value investigations were conducted.
- Central & South America