On November 18, 2014, Mexico’s Revenue Service (SHCP) published the third modification to the 2014 Foreign Trade Rules, making amendments on requirements for importing privileges, valuation, and certificates of origins, among others.
 
Under the updated regulations, an importer will lose its privileges when unable to provide documentation/information required by fiscal and customs authorities, does not import/export anything for a period exceeding 12 months, and supplier information or the importer’s address is false or nonexistent.
 
Other relevant points include the following:

• Guidelines to determine the value and description of the goods
• Companies/Individuals in possession of goods whose temporary status has expired or who are in possession of goods without sufficient documentation to proof legal status in Mexico, must declare, under oath, that they are not being audited or under customs’ review when filing a “Regularization” entry.
• When a Certificate of Origin is used for multiple entries, the certificate needs to be added via electronic means, after the first import in which the original certificate must be attached. This circumstance must be noted in the “observations field” of the entry declaration

Please contact your local Expeditors office for specific questions and concerns.
 
For more information please visit:

http://www.dof.gob.mx/nota_detalle.php?codigo=5368483&fecha=18/11/2014