Argentine Customs sanctioned multinational consumer goods corporation Procter & Gamble (P&G) this week for allegedly overstating imports worth US$68 million from 2019 to 2022. As a result, Customs is seeking to fine the corporation US$ 68 million through its administrative judge, aiming to make it pay for the difference in the import duties it originally paid to match the actual prices. P&G has now ten working days to accept or reject the fine. When the administrative case is finished, the judge can establish the fine, which could range from the US$ 68 million Customs calculated to five times that amount. Customs said the judge will take into account the corporation’s record to decide the final amount.

Source: Bueno Aires Herald April 29, 2023 02:21 UTC