The General Directorate of Customs (DGA) updated the reference values for the export of powdered milk. With this tool, the AFIP department strengthens its capacity to supervise foreign trade to avoid abusive maneuvers such as under-invoicing of sales abroad. The instrument allows optimizing controls and dismantling possible fraudulent operations that negatively affect the genuine entry of dollars into the country. The rule, published this Thursday (30.06.2022) in the Official Gazette, It arises from the coordinated work with the Ministries of Productive Development and Agriculture and in turn occurs within the framework of permanent dialogue with different representative chambers of the private sector.
The DGA measure offers an initial control of declarations in safeguarding fiscal interest, which allows for the dismantling of potential tax evasion maneuvers and abusive practices that affect the entry of foreign currency into the exchange market. Likewise, with the reference values it is possible to address unfair competition from those operators who do not comply with the rules and detect deviations from the usual export values for identical or similar goods.
Since 2019, the DGA has set reference prices for more than 20 export complexes, after having been dismantled during the previous government. Recently, lithium carbonate was added to the universe of goods covered by this instrument.
For powdered milk, Customs established reference values in June 2021, which have now been updated. General Resolution 5215/2022 published this Thursday in the Official Gazette modifies these reference prices for different formats in which this merchandise is sold abroad, in line with the increases in the international value of this product. In this way, the FOB value (prior to payment of freight) will be located from this regulation between 3,10 dollars and 4,13 dollars per kilogram.
In determining this update of the reference values for powdered milk, Customs considered internal and external sources of information that determined the need to modify the reference prices. Reference values will be valid for shipments to countries in America, Africa, and Asia.
In December 2015, there were more than 20 specific products with reference values, but the previous government carried out a gradual dismantling of the tool until, in November 2017, it repealed the regulations that allowed the establishment of reference values.
The instrument was revitalized in 2019 and since then, reference prices have been established for the export of beef, lithium carbonate, concentrated must, lemon essential oil, shrimp tails, blanched peanuts, dried plums, limes and lemons, shrimp, squid, hides and skins, pears, apples, garlic, pork, pear tomatoes, blueberries, powdered milk, onions, potatoes, raisins and sea bass.General Resolution 5215/2022)
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