Mr Edmundo Elías-Fernández

Edmundo Elías-Fernández

Updates

International Trade

Various accords and decrees modified following new LIGIE's entry into force
Mexico | 12 February 2021

The new General Import and Export Duties Law recently entered into force, introducing a number of changes to tariff items. In addition, several accords and decrees have been modified in order to ensure that the non-tariff regulations and restrictions and preferential general import tax rates are applied to goods correctly.

IMMEX Decree amended
Mexico | 05 February 2021

In order to make the Decree for the Promotion of the Manufacturing, Maquiladora and Export Services Industry consistent with the new General Import and Export Duties Law and the US-Mexico-Canada Agreement, a number of the decree's annexes have been modified, including with respect to Annex I and Annex II tariff items.

TIGIE National Notes come into force
Mexico | 29 January 2021

In December 2020 the National Notes entered into force. The National Notes are the official interpretation instrument of the General Import and Export Tariff Code of the new General Import and Export Duties Law, the application of which is mandatory to determine the tariff classification of goods entering and leaving Mexico. As a result, the Explanatory Notes of the Harmonised System have been abrogated.

Are you ready for the new General Import and Export Duties Law?
Mexico | 22 January 2021

The new General Import and Export Duties Law (LIGIE) recently entered into force, updating the General Import and Export Tariff Code by removing more than 4,000 obsolete tariff items, consolidating the existing tariff items and introducing new tariff items for newly created goods. The new LIGIE also implements the Sixth Amendment to the Harmonised System established by the World Customs Organisation and introduces a commercial identification number.

Key changes to Foreign Trade General Rules
Mexico | 15 January 2021

The Tax Administration Service recently published the Third Resolution of Modifications to the Foreign Trade General Rules 2020. This article sets out the key changes in this respect, which concern suspension from the importer registries, requests to rectify a pedimento form, commercial information numbers and fines.