Argentina: Customs set a reference price for the export of garlic

Published 2021년 4월 30일

Tridge summary

The General Directorate of Customs in Argentina has set reference values for the export of garlic, ranging from 50 cents to US $ 1.84 FOB per kilogram, depending on the variety and size. The values are intended to safeguard tax revenues and will be used as a first control to detect deviations in declarations. The values may need to be updated regularly to reflect market reality. The garlic export duties, which were expected to pay, are currently exempt from January 1, 2021. The established values are considered reasonable by experts and are expected to allow exporters to have a certain margin in seasons when the price is depressed. The introduction of these reference values is expected to have no significant impact on exporters, but future fluctuations in the international market are anticipated.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The General Directorate of Customs established reference values for the export of garlic, ranging from 50 cents to US $ 1.84 FOB per kilogram, depending on the variety, size and destination. It is a provision that aims to safeguard tax revenues. From the productive sector they state that the measure is positive, but they emphasize that it is necessary to update the values each season, so that they adjust to the reality of the market. Last week, the General Resolution of AFIP 4969/2021 was published in the Official Gazette, which sets export reference values "of a precautionary nature", as a first control of the declarations "in protection of fiscal interest", to detect deviations with respect to the usual values for identical or similar goods. Thus, the established values range from 50 cents FOB per kilo for white, extra-selected or category I (selected) garlic, of size 3 or less, to US $ 1.84 per kilo for white, extra-selected or category garlic. I (selected), of a caliber ...

Source: Losandes