TALA NEWS
 
 
 
Mexican Textile Importers to Register or Lose Authority

February 2, 2015

Mexican textile and apparel importers will lose authority to conduct import operations unless registration is submitted, under rules being implemented by the government.

The rules, which require the submission of a registration for a new sectorial importers' registry by March 1st, could have a significant impact on companies importing, legal firm Sandler, Travis & Rosenberg has said. The deadline was extended on Friday for a further month, from a previous deadline of February 1st.

Under measures announced by the Mexican government in December, textile and apparel importers must register on the sectorial importers' registry before they may import goods classified within chapters 50 to 63 of the Harmonized Tariff Schedule of Mexico.

Registration was opened on January 1st, and failure to register by the March 1st deadline could lead to a denial of entry for a company's imports, along with the resultant costs and supply chain delays.

Separately, minimum reference prices for textile and apparel goods will enter into force on February 2nd. If importers declare a customs value for a shipment below the reference prices they will have to guarantee the difference in duties by using a bond.

Another new requirement now in effect is that importers must notify Mexican customs at least five working days in advance of any textile and apparel import operation to give authorities time to evaluate whether the goods are undervalued.

These and other measures being imposed for textiles and apparel are similar to those Mexico put in place for footwear last year.

Reprinted from just-style
 
 
 
Footer-logo