Minimum reference prices applied to Argentine footwear imports
Argentina’s Federal Administration of Public Revenue has imposed restrictions on the entry of 25 categories of products from 11 different sectors, including footwear.
The restrictions have been introduced to discourage the practice of ‘dumping’, where goods cheaply produced abroad are imported at prices below their real value.
Under Resolution 1004, where the invoice value is lower than a ‘reference’ minimum price, importers will be liable to tax on the reference price. They will not be liable to tax where the price of the goods is equal to or higher than the reference price.
Under Resolution 1008, importers must also produce original exporter documents validated by the relevant authorities of the country of origin together with the goods. Both resolutions apply to goods from all countries exporting to Argentina including Mercosur member-countries and have been implemented with immediate effect.
