The Mexican Ministry of Economy has proposed an amendment to the IMMEX Decree that could significantly affect companies that import sensitive goods.
A recent proposal announced by the Mexican Ministry of Economy could affect IMMEX companies that utilize their value-added tax certification (VAT) to import materials labeled as sensitive by the Mexican authorities. Under the current rules, VAT certified companies are permitted to temporarily import sensitive goods without obtaining a separate license or approval.
If the proposal is approved, many IMMEX companies with a VAT certification would be required to file an extension of their IMMEX license in order to import sensitive materials on a temporary basis. Filing for a new extension could become a cumbersome and time-consuming process.
For more information or assistance in compliance with these new requirements, please contact our international consulting team.