RESTRICTED
WORLD TRADE G/SCM/N/3/ARG
25March 1996
ORGANIZATION(96-1064)
Original: Spanish/English Committee onSubsidies andCountervailing Measures
SUBSIDIES
NOTIFICATIONS PURSUANT TOARTICLE XVI.1 OFGATT 1994
AND ARTICLE 25OFTHE AGREEMENT ONSUBSIDIES AND
COUNTERVAILING MEASURES
ARGENTINA
Thefollowing communication, dated 26February 1996, hasbeenreceived fromthePermanent
Mission ofArgentina.
_______________
Ihavethepleasure totransmit herewith thenotification oftheexistence ofthe"refund" scheme
forexportsthroughPatagonianports,aslaiddownbyLawNo.23,018,inaccordancewithArticleXVI.1
ofGATT 1994 andArticle 25.2oftheAgreement onSubsidies andCountervailing Measures.
Itshould benoted thatArgentina deems itselfincluded within thescope ofArticle 27.2ofthe
aforementioned Agreement asadeveloping country.G/SCM/N/3/ARG
Page2
1. Titleofthesubsidy programme, ifrelevant, orbriefdescription oridentification ofthesubsidy
Refund scheme forPatagonian ports. LawNo.23,018.
2. Period covered bythenotification
LawNo.23,018 entered intoforce on22December 1983, andisstillinforce.
3. Policy objective and/or purpose ofthesubsidy
Regional development ofthePatagonian region ofArgentina, which islocated south ofthe
Colorado River andcomprises alltheterritory uptothesouthern province ofTierra delFuego. This
region ishighly underpopulated, hasalowpercapita income andhasnotbeendeveloped from the
industrial point ofview. Thisprogramme aimsatpromoting newinvestments inlocalmanufacturing
withtheobjective ofincreasing theregional GDP.
4. Background andauthority forthesubsidy (including identification ofthelegislation under which
itisgranted
Secretariat ofTrade andInvestment
National Customs Administration
Ministry oftheEconomy andPublic Works
5. Form ofthesubsidy (i.e.grant, loan, taxconcession, etc.)
6. Towhom andhowthesubsidy isprovided (whether toproducers, toexporters, orothers;
through whatmechanism; whether afixed orfluctuating amount perunit; ifthelatter, how
determined)
Therefund isamechanism bywhich thecustoms authority makes apayment toexporters on
thebasis ofthef.o.b. export value declared, andapplying thepercentages defined bylaw,forgoods
shipped fromanyPatagonian port. Theprocedure isdefined inResolution ANA 3304/87. Itisvalid
onlyforproducts originating inthePatagonia region intheirnatural stateormanufactured intheregion.
7. Subsidy perunit,orincases where thisisnotpossible, thetotalamount ortheannual amount
budgeted forthesubsidy (indicating, ifpossible, theaverage subsidy perunitintheprevious
year). Where provision ofperunitsubsidy information (fortheyearcovered bythenotification,
fortheprevious year, orboth) isnotpossible, afullexplanation
Therefund scheme started on1January 1984, andwillbeinforce untiltheyear2007. (See
attached data.*)
*Additional dataonaproduct basis isavailable intheoffices oftheRules Division (Susan Aspinall,
Office 1028).G/SCM/N/3/ARG
Page3
SUPPLEMENTARY REFUND FOR EXPORTS EFFECTED
SOUTH OFTHE COLORADO RIVER
LawNo.23,018 7/12/83
O.G.: 13/12/83
Foreign trade -Supplementary refund forexports shipped through ports and
customs located intheareasouth oftheColorado River
Article 1
There shallbe,inrespect ofgoods which areshipped from, andforwhich thecorresponding
customs declaration ofexport forconsumption ismade in,viaports andcustoms located inthearea
south oftheColorado River, asupplementary refund forexports, provided thatshipment ismade in
amerchant vessel with aforeign destination orinamerchant vessel engaged incabotage for
transshipment inanynational portforaforeign destination.
Thesupplementary refund benefitting theexport ofgoods which conforms withtheprovisions
ofthisLawshallbeasfollows:
Ports Reimbursement (%)
Puerto SanAntonio Este 8
Puerto Madryn 8
Puerto Comodoro Rivadavia 9
Puerto Deseado 11
Puerto SanJulián 11
Puerto Punta Quilla 12
Puerto RíoGallegos 12
Puerto RíoGrande 12
Puerto Ushuaia 13
Where agood isexported from aportlocated intheareasouth oftheColorado River and
notexpressly mentioned intheprevious enumeration, therefund granted shallbethatwhich corresponds
toexport viathegeographically closest portincluded inthepreceding list.
Article 2
Thesupplementary refund provided forintheprevious article shallbeapplied onlyonexports
ofgoods originating intheregion located south oftheColorado River which areexported intheirnatural
stateormanufactured inindustrial establishments located inthesaidregion. Thisalsoincludes exports
ofmanufactures produced inindustrial establishments located intheaforementioned region using inputs
notoriginating therein, provided thatthesaidprocess results inachange oftariffheading intheCustoms
Export Tariff Nomenclature andDuties (NADE) andthattheensuing product, destined forexport,
istheconsequence ofanindustrial process andnotsimply ofanassembly procedure.G/SCM/N/3/ARG
Page4
Article 3
Thesupplementary refund provided forinArticle 1shallbeapplied toexports ofgoods from
theProvince ofNeuquén which areshipped through theports specified inthesaidArticle andcomply
withtherequirements setoutintheprevious Article, evenwhen thecustoms declaration fortheshipment
ismade through inland customs located intheaforementioned Province, provided thatthegoods are
loaded onamerchant vessel bound foraforeign destination oramerchant vessel engaged incabotage
andtransshipped inanynational portforaforeign destination.
Article 4
Exportsofthegoodsdetailedintheattachedlist,whichformspartofthisLaw,shallalsoqualify,
until31December 1986, forthesupplementary refund provided forinArticle 1,regardless ofthe
place ofproduction ormanufacture.
Article 5
TheNational Executive Power through theMinistry oftheEconomy, shalllaydown thecriteria
which theprovincial governments having jurisdiction intheregion located south oftheColorado River,
andtheGovernment oftheNational Territory ofTierra delFuego andtheSouth Atlantic Islands, shall
observe forthepurpose ofdetermining thepercentage ofcomponents notoriginating intheregion
which merely undergo assembly contained inthegoods forexport, inorder toqualify forthebenefits
provided forinthisLaw.
Article 6
Thesupplementary refund provided forinArticle 1ofthisLawshallbeapplied without regard
tothetariff treatment ofgoods established ingeneral terms bytherules inforce.
Thebenefits setoutinArticle 6ofDecree No.3,255 of24August 1971, extended byArticle 1
ofDecree No.561of14March 1983, shallapply tothepresent refund inrespect ofservices (freight
andinsurance).
Thebenefit provided forinthisLawshallnotbeavailable toexports ofgoods produced by
enterprises benefitting from anykindoftariff incentive forexports under specific, special orzonal
promotional schemes; thisincludes products which, owing totheirbeing exported through portssouth
oflatitude 40,qualify forpreferential tariff treatment asspecified intheCustoms Export Tariff
Nomenclature andDuties.
Article 7
Therelevant tariff treatment forthegoods inquestion, inaccordance withthegeneral rules
inforce, shallbeapplied andassessed independently ofthesupplementary refund established bythis
Law.
Article 8
TheNational Customs Administration shall accept thecertificates issued bytheprovincial
governments withjurisdiction intheregion mentioned inArticle 1andtheGovernment oftheNational
Territory ofTierra delFuego andtheSouth Atlantic Islands certifying thatthegoods inquestion comply
withtherequirements oforigin specified inthisLaw.G/SCM/N/3/ARG
Page5
Article 9
Thesupplementary refund forexports provided forinArticle 1shallbereduced, inrespect
ofalltherelevant ports, by1(one) percentage point asof1January 1984 andwillbemaintained at
theensuing levels foraperiod of11(eleven) years thereafter. With effect from 1January 1995, the
supplementary refund willbegradually reduced by1(one) percentage point ayearuntilitisfinally
eliminated.
Article 10
Void.G/SCM/N/3/ARG
Page6
SUPPLEMENTARY REFUND ONEXPORTS RELATING
TOTHE AREA SOUTH OFTHE COLORADO RIVER
Resolution (ANA) No.3,304 14/12/87
ThisResolution hereby approves therules, conditions andrequirements fortheassessment
ofthesupplementary benefit provided forinLawNo.23,018
HAVING REGARD TOthesubmission made bytheArgentine Wool Federation (FLA), and
CONSIDERING:
That theabove-mentioned Federation requests thatparagraph 5.3ofAnnex VIIof
Resolution 2334/87 beextended sothat,intheshipping permit document (Section AP16),reference
shallbemade totheestablishment producing thegood which benefits from therefund provided for
inLawNo.23,018.
Thatnothingimpedescompliancewiththerequest,pursuanttowhichandbyvirtueofthepowers
granted under Article 23(j)ofLawNo.22,415;
TheNational Customs Administrator,
RESOLVES:
Article 1
Toapprove Annex AofthisResolution which willreplace Annex VIIofResolution 2334/86
(BANA 184/86).
Article 2
Torepeal Annex VIIofResolution No.2334/86.
Article 3
Void.G/SCM/N/3/ARG
Page7
ANNEX VII
RULES, CONDITIONS AND REQUIREMENTS FOR THE ASSESSMENT OFTHE
SUPPLEMENTARY BENEFIT PROVIDED FOR INLAW NO.23,018
1. Scope
1.1 Products originating intheregion located south oftheColorado River which areexported in
theirnatural state.
1.2 Manufactures ofproducts originating intheaforementioned region produced inindustrial
establishments located therein.
1.3 Manufactureswithinputsnotoriginatinginthesaidregion,producedinindustrialestablishments
located therein, provided thattheproduction process results inachange intheNADE tariff heading
inrespect oftheensuing finalproduct, astheconsequence ofanindustrial process andnotmerely
anassembly procedure.
1.4 Goods from theProvince ofNeuquén which comply withtherequirements setoutinthe
preceding paragraphs andareshipped through theportsspecified inthisAnnex, evenwhen thecustoms
declaration procedure iscarried outthrough inland customs located intheaforementioned province,
provided thatthegoods areloaded onamerchant vessel bound foraforeign destination orinamerchant
vessel engaged incabotage andtransshipped inanynational portforaforeign destination.
1.5 Thegoods indicated below, regardless oftheirplace ofproduction ormanufacture, nolater
than31December 1986:
NADE Heading Denomination
53.01.01.00.00 Sheep 'sorlambs 'wool, greasy offleece
washed
53.01.02.00.00 Other
53.02.02.02.00 Sheep 'shair
53.02.02.03.01 Goat'shair,greasy
53.02.02.03.02 Goat'shair,greasy, shorn
53.02.02.03.03 Goat'shair,washed
53.03.00.00.00 Waste ofwool andanimal hair(fineor
coarse), notpulled orgarnetted
53.04.00.00.00 Pulled orgarnetted wool andanimal hair
(fineorcoarse)
53.05.00.00.00 Wool andanimal hair(fineorcoarse), carded
orcombed
2. Duration ofthesupplementary benefit
2.1 From 22December 1983to31December 1983, thelevels established inparagraph 3,column 1.
2.2 Asof1January 1984, thelevels given inpoint 3,column 2,shallbeapplied foraperiod of
11years, except forexports ofthegoods indicated inpoint 1.5,inrespect ofwhich thebenefit shall
expire on31December 1986.G/SCM/N/3/ARG
Page8
3. Ports andbenefit levels
Ports Column 1
%Column 2
%
SanAntonio Este 8 7
Puerto Madryn 8 7
Puerto Com. Rivadavia 9 8
Puerto Deseado 11 10
Puerto SanJulián 11 10
Puerto Punta Quilla 12 11
Puerto RíoGallegos 12 11
Puerto RíoGrande 12 11
Puerto Ushuaia 13 12
3.1 Asof1January 1995, thesupplementary benefit will bereduced gradually by
1percentage point ayearuntilitisfinally eliminated.
4. Incompatibilities
Thebenefit shallnotbeavailable toexports ofgoods produced byenterprises benefitting from
anykindoftariffincentive forexports under specific, special orzonal promotional schemes; thisalso
includes applications forbenefit inrespect ofproducts which, owing totheirbeing exported through
ports south oflatitude 40,qualify forpreferential tariff treatment asestablished intheNADE.
5. Certification oforigin
5.1 Thecustoms shallaccept thefinalcertificates issued byprovincial governments withjurisdiction
overtheportsindicated inpoint3,andbytheGovernment oftheNational Territory ofTierra delFuego,
Antarctica andtheSouth Atlantic Islands, aswellasthose issued onaprovisional basis subject to
verification ofthegoods atthetimeofshipping byofficials ofthebody issuing thecertificate.
5.2 Allcertificatesoforigin,inrespectoftheproductsspecifiedinthedifferentcategoriesofpoint1,
shallcontain thefollowing information:
- For1.1: Description andorigin oftheproduct;
- For1.2and1.3:Description ofthefinalproduct forexport (nature, typeandquality),
quantity andweight, andanindication oftherawmaterial orconstituent elements from
which itismade; theorigin ofthelatter andthelocation oftheindustrial establishment
processing it;
- For1.5: Certification isnotrequired.
5.3 Thecertificates oforigin granted onaprovisional basis, subject toverification bytheissuing
bodywhen thegoods areshipped, shallcontain aclearreference tothiseffect, stating thattheinformation
regarding origin, asprovided bytheexporter, hasthenature ofasworn statement.G/SCM/N/3/ARG
Page9
5.4 Thestandard certificate model included asAnnex VII(a) ofthisResolution maybeusedby
theprovincial governments adopting it,butonlyinthecaseoffinalcertification, adapting itwhere
necessary totherequirements detailed in5.2.
6. Inrespect oftheexporting enterprises
6.1 They shallsubmit documentation, concerning export operations tothecustoms located south
oftheColorado River, except forshipments through theports ofSanAntonio EsteandPunta Quilla,
inthecaseofwhich documentation willbesubmitted tothecustoms ofSanAntonio Oeste andSanta
Cruz, respectively.
6.2 Exports shallbeeffected onlyviathose ports indicated inpoint 3,evenwhen transit to,and
transshipment in,another Argentine portisnecessary prior tofinalshipment toaforeign destination.
Thisrequirement alsoapplies toexports registered withtheinland customs intheProvince ofNeuquén.
6.3 Thecertificates oforigin mentioned inpoint 5shallbesubmitted together withtherespective
shipping permit, thelatter bearing thecertificate number anditsdateofissue. Furthermore, in
Section AP16oftheshipping permit, thename oftheindustrial establishment producing thegoods
which benefit from thisrefund shallbeprovided.
6.4 Where thecertificate oforigin attached isprovisional, exporting enterprises shallprovide a
statement tothiseffect atthebottom ofSection AP16,worded asfollows: "Provisional certificate
oforigin No....Dated ...Subject toverification bytheissuing body atthetimeofshipment".
6.5 Application forthesupplementary benefit shallbemade without regard tothetariff treatment
applicable tothemerchandise; theappropriate duties shalltherefore bepaid, andthesupplementary
benefit inquestion shallbeassessed separately andinaccordance withtherules setoutinAnnex II.
6.6 Notlessthan24hoursbeforetheshippingofthegoods,theprovincialbodyissuingthecertificate
oforigin mustreceive acopyoftheshipping permit inwhich prior notification isgiven, indicating
thedayandtime; thepermit shallbechecked bytheaforementioned bodyandsubsequently submitted
tothecustoms office tobeattached tocopyNo.3before finaldelivery ofbothdocuments totherelevant
inspecting authority.
7. Inrespect ofcustoms
7.1 Customs shallreceive andprocess withtheshipping permits coming under theirjurisdiction
together withthecertificates oforigin referred toinpoint4,towhich endtheyshallcarryoutthecontrols
described inpoints 7.2to7.6ff.,eveninthecaseofprovisional certificates concerning goods subject
toverification byofficials oftheissuing bodyatthetimeofshipping, inrespect ofwhich theprovisions
contained inpoints 7.6.and7.7.shallalsoapply.
7.2 They shallcheck whether thedocumented goods correspond totheinformation contained in
thecertificate oforigin interms ofquantity, weight, typeandquality, andfurthermore thatallthe
rules inforce areobserved.
7.3 Inthecasewhere thefinalproduct forexport ismade frommanufactures produced intheregion
withrawmaterials notoriginating therein, theyshallcheck whether theNADE heading ofthegood
isdifferent from thatoftherawmaterial used.G/SCM/N/3/ARG
Page10
7.4 They shall, where appropriate, require payment ofduties andaccord thebenefit provided for
inthislawinaccordance withAnnex IIofthisResolution, taking intoaccount thefactthatthebenefit
shall apply without regard tothegeneral rules oftariff treatment forproducts, andadding where
appropriate, freight andinsurance, inaccordance withtheprovisions ofDecree 1555/86 andin
conformity withtherules setforth inpoint 8.
Thebenefit shallnotbeavailable toexports ofgoods produced byenterprises which benefit
from anykindoftariff incentive forexports under specific, special orzonal promotional schemes;
thisincludes applications forbenefit inrespect ofproducts which, owing totheirbeing exported through
ports south oflatitude 40o,qualify forpreferential tariff treatment asspecified intheNADE.
7.5 Where goods areexported through ports located south oftheColorado River other thanthose
expressly mentioned inpoint 3,therefund granted shallbethatwhich corresponds totheportwhich
isgeographically closest.
7.6 Where provisional certificates aresubmitted, acheck shallbemade thatSection AP16contains
astatement clearly indicating "Provisional certificate oforigin, subject toverification bytheissuing
body atthetimeofshipping".
7.7 Forthecustoms inspection ofgoods whose documentation consists ofashipping permit together
withaprovisional certificate oforigin, exporters shallsubmit inadvance acopy"0"oftheshipping
permit, which serves asashipping notification, mentioning theplace, dateandtimeofinitiation of
theoperation, tobecarried outbytheofficial authorized bytheProvincial Government toissue
certificates oforigin. Onreceipt, thecopy"0"shallbeattached totheaforementioned copy No.3
forsubmission totherelevant inspecting authority. Should theaforementioned official notbepresent
atthecustoms inspection onthedayandtimeindicated, thisfactshallbebrought tothenotice ofthe
Customs Headquarters, which shallauthorize theinitiation oftheprocedure inthepresence ofits
representative; theinspector andtheauthorizing customs official shallmake awritten statement of
thefailure toappear oftheofficial ofthebody issuing theprovisional certificate oforigin.
When officially certifying theorigin ofthegoods, theprovincial official participating inthe
customs inspection procedure shallactinsuchawayastoavoid interfering inthework ofthecustoms
agents; where theorigin isfound nottoconform withtheorigin ofthegoodasprovisionally accredited,
anofficial statement shalldulybedrawn upinrespect ofthefalsedeclaration, forthepurposes of
subsequent proceedings concerning theoffence.
8. Rules forassessment offreight andinsurance
8.1 Inrespect oftheforegoing, thesupplementary benefit shallbeassessed where transportation
iseffected byanArgentine maritime enterprise orbyavessel leased orhired byArgentine shipowners
and/or when theinsurance iscontracted withanational insurance company.
8.2 Tothateffect, andwhere appropriate, therelevant boxes shall beincluded inSection 18,
subsection B,inorder toobtain thebasis forcalculating theassessment ofthebenefit; thefollowing
documentation must beattached when submitting copies 8,9and0oftheshipping licence forthe
purposes ofassessment:
(a) Forfreight certification: thefreight invoice (authenticated copy) orcertification from
thetransport agency fortheamount offreight incurred, orbilloflading withtheamount
corresponding tothevalue ofthefreight certified bythetransport agency. When theG/SCM/N/3/ARG
Page11
goods areshipped byavessel, under aforeign flag,leased orhired bythenational
shipowner, priortoprocessing theassessment thecustoms shallmake anoteincopies 8,
9and0ofthetelex number through which theNational Directorate ofShipping
Activities made therelevant communication. Inthecaseoftransshipments inother
ports orofvessels leased orhired byanational shipowner, therelevant confirmation
shallberequested fromtheCustoms Import andExport Technical Department (Export
Rules Division).
(b) Forinsurance certification: theinvoices andrelevant policy (authenticated copies),
withtheamount corresponding tothevalue oftheinsurance noted clearly, asissued
bytheinsurance company withwhom thecontract hasbeenconcluded.
(c) When theinvoices referred toin(a)and(b)areissued inArgentine australs, theamounts
shallbeconverted intothecurrency given intheshipping permit attheselling rate
corresponding tothedateofissue.
(d) Theshipping permit number shallbeentered inthedocumentation mentioned in(a)
and(b).
(e) Inallcases, thecustoms broker involved shallendorse theauthenticity ofthedocuments
mentioned in(a)and(b).
8.3 Theparticipating departments shallconfirm thattheabove procedures havebeencarried out,
verify thatthetotalvalue ofthefreight and/or insurance paidisdivided equally between alltheitems
shipped asreferred tointheshipping permit, whether ornottheyareentitled tothebenefit, andattach
thedocumentation mentioned in(a)and(b)tocopy0oftheshipping permit; theyshallthencarry
outtheprocedure described inpoints 2.1,7.1andff.ofAnnex VII,where appropriate, inrespect
ofcopies 8,9and0.
8.4 Thebenefit referred toinpoint 8.1,alsocovers export freight transported invessels flying
theflagoftheLAIAmemberStateswhohaveconcludedanintergovernmentalagreementwithArgentina,
aslisted inAnnex VII(b).
Note: Theoriginal Annex VIIwasapproved byResolution 2334/86. Thisisthefirstamendment
approved byResolution 3304/87.G/SCM/N/3/ARG
Page12
SUPPLEMENTARY REFUND FOR EXPORTS EFFECTED
SOUTH OFTHE COLORADO RIVER
Decree No.1,006 14/5/93
Stipulating thattheNational Customs Administration shallpayexporters thebenefits arising
asaresult ofLawNo.23,018 andLawNo.19,640.
HAVING regard toLawNo.23,018 andLawNo.19,640 andamendments thereto, and
CONSIDERING:
Thatitisnecessary toadapt theprocedures oftheregime implemented under LawNo.23,018
andLawNo.19,640, andamendments thereto, inlinewithDecree No.235of17February 1993.
Thatinthisrespect ithasbeendeemed necessary tobroaden thescope ofthesaidDecree in
order thattheNational Customs Administration, subsequent totherelevant checks, maypayexporters
thebenefits provided forinLawNo.23,018 andLawNo.19,640 andamendments thereto.
That theproposed regime shall begoverned bytheprovisions ofLawNo.22,415 and
Article 86(2) oftheNational Constitution.
Wherefore, thePresident oftheArgentine Republic,
DECREES:
Article 1
TheNational Customs Administration shallpayexporters thebenefits arising asaresult of
LawNo.23,018 andLawNo.19,640, aftercontrolling theassessments. Thevalues shallbedetermined
using therateofexchange fortheconversion offoreign currency intonational legaltender, attheclosing
buyers 'rateoftheCentral Bank ofArgentina onthedaypriortoactual payment. Thespecial measures
established forcontrol purposes intheaforementioned lawsshallbetaken.
Article 2
TheNational Customs Administration shallpaythebenefits tobegranted toexporters under
theterms ofArticle 2ofDecree No.235/93 anditsRegulations.
Article 3
Theamendment provided forherein shallcome intoforce5(five) daysfollowing itspublication
intheOfficial Gazette, andshall apply toallthose benefits which accrued with effect from
26September 1992 andwhich await payment onthedatethisrulecomes intoforce.
TheNational Customs Administration shallestablish therespective Regulations andmeans
necessary forproper andtimely performance, establishing aflexible system which minimizes payment
delays fortheexporting sector.
Article 4
Void.G/SCM/N/3/ARG
Page13
TOTALS -ADDITIONAL REFUND FOR PATAGONIAN PORTS -INPESOS
Period 1January 1992 to30June1994
Customs Refund inpesos
14.Comodoro Rivadavia 898,224.16
15.Deseado-Puerto 28,770,449.11
47.Madryn, Puerto 47,497,607.97
48.RioGallegos 731.19
49.RioGrande 16,635.58
61.Santa Cruz 444,377.22
67.Ushuaia 15,843,550.63
80.SanAntonio Oeste 17,144,182.73
TOTAL 110,615,758.59
TOTALS -GENERAL REIMBURSEMENT FOR PATAGONIAN PORTS -INPESOS
Period 1January 1992 to30June1994
Customs Reimbursement inpesos
14.Comodoro Rivadavia 799,360.36
15.Deseado-Puerto 16,748,455.73
47.Madryn, Puerto 36,627,735.77
48.RioGallegos 2,685.13
49.RioGrande 2,419.99
61.Santa Cruz 200,571.45
67.Ushuaia 8,066,474.48
80.SanAntonio Oeste 20,935,285.40
TOTAL 83,382,988.31