The Federal Administration of Public Revenue (AFIP), Government of Argentina, has imposed new import duties on gloves, mittens and mitts from Asian countries, according to an official statement.
The tax would be imposed based on the type of raw material used for making gloves.
Knitted gloves made using wool or fine animal hair and other fibres will have an FOB value of US$ 12 per kilogram, while gloves made of cotton will attract tax of $6 per kg and those made with synthetic fibres will be taxed at $10.23 per kg, according to the General Resolution 3614, published in the Official Gazette.
The Protect Foundation actively participated with the AFIP in framing the new duty, which is aimed at protecting local industry and employment of local labour, said the foundation president Jorge Sorabilla.
The review of the duty will strengthen the control of foreign trade and also combat under-invoicing practices in import of products that are produced in the country, Sorabilla said in the statement.