On November 30, 2018, the Mexican Secretariat of Finance and Public Credit (SHCP) published the Third Resolution of Modifications to the General Rules of Foreign Trade for 2018 in the Mexican Diario Oficial. Two of the key changes include:
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Documentation supporting evidence of valuation, which is required as an attachment of the Value Manifest on imports into Mexico, was pushed back until April 1st, 2019;
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Importers into Mexico through ocean ports will be able to clear their goods in an anticipated manner based on specific guidelines to be published by Mexican Customs Headquarters.
There are some exclusions to the rules:
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Not applicable for hard identification goods that may require a lab analysis in order to determine its composition;
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Cargo cannot be deconsolidated;
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Compliance inspection cannot be performed by customs broker (PREVIO);
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Goods cannot be transferred between different port facilities.
The enforcement date started on December 1, 2018.
Additional information may be found in Spanish at: http://www.dof.gob.mx/nota_detalle.php?codigo=5545378&fecha=30/11/2018
Previous Newsflashes may be found here:
https://info.expeditors.com/newsflash/newsflash/mexico-to-require-documented-evidence-on-valuation
