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A concise guide covering the key questions surrounding manufacture and distribution of fashion goods in Mexico, including the legal framework and import and export rules.
The president of Mexico recently published in the <i>Federal Official Gazette</i> the decree amending the Tariff of the General Import and Export Duties Law to guarantee health protection rights and a healthy environment for the development and welfare of Mexico's population. This article discusses the provisions and their purpose.
In order to make the Decree for the Promotion of the Manufacturing, Maquiladora and Export Services Industry (IMMEX Decree) consistent with the new General Import and Export Duties Law and the US-Mexico-Canada Agreement (USMCA), a number of the decree's annexes have been modified. Specifically: references to the North American Free Trade Agreement have been substituted with references to the USMCA; the Annex I tariff items (ie, goods that cannot be temporarily imported under the IMMEX Decree) have been updated; and the Annex II tariff items (ie, goods that must comply with specific requiremen...
On 28 December 2020 the National Notes entered into force. The National Notes are the official interpretation instrument of the General Import and Export Tariff Code (TIGIE) of the new General Import and Export Duties Law (LIGIE) (for further details please see "Are you ready for the new General Import and Export Duties Law?"). Their application is mandatory to determine the tariff classification of goods entering and leaving Mexico. The National Notes contain specifications and criteria for the tariff classification of goods. They must be used to interpret the TIGIE and apply it in a uniform...
DOF published two decrees that establish the NICOs and the tariff correlation charts of the LIGIE tariff. Also, on Dec. 27, 2020, two additional decrees were published in the DOF. In the first decree, certain HS Codes of the First and Second Articles of the decree published on Nov. 17, 2020, were amended (modified, added and derogated). 4 The second decree modified the Single Article of the decree published on Nov. 18, 2020, to add the correlations of the pending HS Codes. With the NICOs in force, Mexico joined the practice of the main users of international trade such as the United States, ...