Argentina: Customs updated reference values for the export of beef

The General Customs Directorate (DGA) updated the reference values for the export of boneless and bone-in beef cuts, through General Resolution 4985/2021 published this Friday in the Official Gazette. In this sense, the standard defines an increase in the reference values that had been defined at the end of January for beef. The export destinations for which the regulations apply are China, Japan, Hong Kong, Thailand, South Korea, the Philippines and Taiwan. When establishing the new values, Customs considered internal and external sources of information, which determined the need to update the export reference prices for beef. The regulations are in line with other measures that were adopted in recent weeks by the Government on the meat market. Reference values are a tool that allows you to detect under-invoicing operations in exports. The DGA's decision to set reference values "not only seeks to dismantle possible tax evasion maneuvers and abusive practices that affect the entry ...