Argentina: Precautionary export reference values established for lithium carbonates

In brief

The Customs Administration established a FOB value of USD 53 per kilo for goods classified under tariff code 2836.91.00, which corresponds to lithium carbonates with a percentage of purity greater or equal to 99.5%, except for qualities of purity according to regulations of public knowledge (pharmacopeia, analytical, food, etc.).


Contents

This value is applicable to goods exported to the following jurisdictions: Canada, the United States, Democratic People's Republic of Korea, Republic of Korea, China, the Philippines, Taiwan, Japan, Thailand and Hong Kong.

If the declared value is below the reference value, customs will assign a red channel to the export declaration and send the file of the export to the valuation department, which will then proceed with the review procedure regulated by Resolution 620/99. In this procedure, the exporter may submit new evidence to support the declared value. If customs is not satisfied with this evidence, it may file a denouncement for wrongful declaration, which is an administrative infringement.

Exporters that consider that the value fixed by the government is not applicable to their operations (because of the characteristics of the product, etc.) may consider challenging such value — administratively and eventually with the courts — ahead of their export operations.

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