Global

Details

  • Service: Tax, Global Indirect Tax
  • Type: Regulatory update
  • Date: 10/29/2013

Mexico - Customs reform intended to modernize customs law 

October 29:  Changes to Mexico’s customs law—intended to modernize the customs legal framework—would establish processes for the use of electronic or digital reporting and ultimately to facilitate foreign trade, promote investment, incorporate “best practices” and other customs processes, and promote transparency and simplification of procedures related to foreign trade.

Under these reform provisions—


  • All government notices issued to companies would be made via electronic means.
  • Customs audits would include a review of electronic documents by customs authorities.
  • Other amendments would expand the authority of customs officials and would allow coordination with other countries to monitor compliance.
  • Companies could carry out pre-validation activities.
  • There would be changes for goods held in bonded warehouses. For example, the number of days for imported goods in free storage and bonded warehouses would increase from five to seven days (i.e., maritime traffic customs).

The reform initiative would eliminate the requirement that transfers of foreign goods be conducted only through a custom broker.


Other reform measures would amend licensing requirements of brokers, affect the rules for customs inspections, streamline import procedures, and simplify the release of goods (with measures for reviewing the rules of origin).


The reform measures also would provide for changes to customs penalty regime.


Read an October 2013 report (Spanish) prepared by the KPMG member firm in Mexico: Reforma a la Ley Aduanera




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