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October 12, 2022
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Customs denounced underinvoicing for $1.5 million in the export of a bull

Customs denounced underinvoicing for $1.5 million in the export of a bull

The pure pedigree bull was valued at only 20% of its value.

The General Directorate of Customs (DGA) denounced an underinvoicing for 80% of the value of a breeding bull that was intended to be exported to Uruguay.

The FOB value had been declared at US$2,100 at the Concordia-Salto International Passage, which represented an underinvoicing of 80%, since the value determined reached US$10,000, or $1.5 million.

It was Baron Rojo, a pure Angus pedigree, which corresponded to a much higher price.

In this regard, the deputy director general of Interior Customs Operations, Rubén Pave, highlighted in dialogue with Télam Radio that “This type of financial speculation maneuvers that are carried out through foreign trade are the ones that are attacked from the General Directorate of Customs, and proof of this is the effectiveness that was demonstrated in this case”.

“One of the incriminating facts uncovered by customs inspectors was that the 950kg bull with top-notch build and genetics – as advertised – had apparently been sold for $1,800,000 in an auction that was later uploaded to YouTube. ”, they indicated from the Customs.

In this line, they specified that “in this way it was determined that the export of Barón Rojo was being underinvoiced by 80%”.

In this way, the General Directorate of Customs-AFIP carried out the corresponding complaint for the illicit detected, “notwithstanding which he proceeded to release of the animal under the guarantee regime provided for in article 453 of the Customs Code, after requiring the payment of a surety bond”, they reported in a statement.



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