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Export promotion programs
1. Manufacturing, Maquiladora, and Export Services Industries Program 4. Import Tax Refund to Exporters 5. Sector-specific promotion programs
Responsible authority: Foreign Trade Office. Ministry of Economy.
1. Manufacturing, Maquiladora, and Export Services Industries Program (IMMEX Program)
Given the competition for global markets, it is essential to provide Mexican companies with all possible measures of support, which will enable them to successfully position their products and services in the international trade arena. Therefore, the Ministry of Economy published on November 1, 2006 the Decree for the Promotion of the Manufacturing, Maquiladora, and Export Services Industries Program (IMMEX Decree), which is an essential part of the trade facilitation policy launched by the Ministry of Economy, in order to strengthen competitiveness of the Mexican export sector.
In this Decree, the programs for the Promotion and Operation of the Maquila Export Industry (MAQUILA, in Spanish) and the one establishing Programs for Temporary Importation to Produce Export Products (PITEX, in Spanish), are integrated in a single legal instrument; together these companies represent 85% of our country's manufactured exports. However, it is important to stress that the IMMEX Decree is more than a new regulatory framework; its rulings and scope turn it into an instrument for facilitation and promotion of foreign trade operations, and aside from reducing costs related with this type of operations, allows for the adoption of new ways of doing business.
The IMMEX Decree includes a series of measures, which are grouped into four main headings: a) New ways of doing business, b) Administrative benefits, c) Equality and fiscal neutrality, and d) Control and verification.
New ways of doing business
Regarding new ways of doing business and the operation of companies linked to exportation, the IMMEX Decree makes it possible to place Mexico as a protagonist in the services world market, as well as an attractive destination for the development of new projects linked to this activity.
The above is true by virtue of the fact that this instrument not only considers services related to the production of goods, but also activities that are pure services, such as: fashion, design, re-engineering, re-manufacturing, and all those related to software, and in general, information technologies. Regarding the latter, the so-called Business Process Outsourcing (BPO's) stand out, and include services of administration, accounting, sub-contracting, tests, data processing, and client service (call centers), among others.
Furthermore, this Decree considers the modalities of outsourcing and sub-manufacturing, which will allow small and medium companies to position themselves in export markets, thus creating a network of product and services suppliers related to foreign trade; companies that own a brand, with or without a production plant, may delegate the development of complete industrial processes and/or services to companies without a program.
Administrative Benefits
In terms of administrative benefits, the new Decree largely simplifies procedures, requirements, and formats related to the authorization, expansion, and annual report of operations, and as a result companies will be able to access, operate, and manage their programs in a fast and simple way.
The Decree includes, among others, the following administrative measures: •The annual report of operations has only two fields: total sales and total exports; unlike the previous scheme where the report had 30 large fields. •Only the commercial description for machinery and equipment and the tariff classification for raw materials are requested in the authorization procedure. •Procedure steps are reduced from 29 to 16. •The export commitment is reduced from 30 percent to 10 percent of total sales, in order to import machinery and equipment. •The terms for critical merchandise (except for services for textile and garments, 6 months) are extended to 12 months; as well as the immediate elimination of varied merchandise (vehicles, triplay, etc.) and starting in 2008, the rest (except tires). •The notice of sub-manufacturing will be done by electronic means.
Equality and fiscal neutrality
In fiscal terms, all companies will have the same treatment with a zero rate VAT in the billing of their services. In addition, IMMEX companies may obtain in a maximum term of twenty days, the refund for positive balances of VAT and of five days in case of certified companies, without having to register as an ALTEX company.
In case of the Income Tax, the new Decree offers fiscal neutrality; it shields the treatment (in terms of this tax) only received by maquiladora companies that operate as a related part of a resident overseas.
Control and Verification
With the IMMEX Decree, fiscal authorities have better tools to control and follow-up the operations done in this scheme; this is precisely to add more certainty to our country's export sector and avoid abuses on the programs.
Costs derived from tax collection are absorbed mainly by the government and it is easy for individuals to comply with them. These controls are not an additional burden on companies and are virtual, in other words they are done electronically and require minimum information from the individual.
To date, the IMMEX scheme benefits close to 6,500 companies that carry out foreign trade operations. These firms employ 54 percent of the employees of the manufacturing industry, which means they generate employment for 2.4 million people.
Program Objective
Promote and grant benefits to manufacturing, maquiladora, and export services companies, in order to carry out industrial or services processes to export merchandise and for the rendering of export services.
Beneficiaries
Legal entities residing within the national territory and are described by section II of article 9 of the Fiscal Code of the Federation, which pay taxes in accordance to Title II of the Income Tax Law.
Benefits
Companies under this Program may temporarily import the following goods to carry out the manufacturing processes performed thereby and such goods may remain in the country for the period of time set forth below:
1. A period no longer than eighteen months for the following goods:
a) Fuels, lubricants and other materials to be used in the production of exported goods, b) Raw materials, parts and components to be fully incorporated into exported goods, c) Containers and packaging materials, d) Labels and brochures.
When the goods listed herein are included in Appendix I Bis of the IMMEX Decree, the term to remain in the country shall be no longer than six months, and those included in Appendices II and III of the IMMEX Decree, shall be no longer than twelve months.
For the abovementioned goods, when listed in Appendix III, the term to remain in the country shall be no longer than six months in the event those goods are used in the activities listed in Article 5, section III of the Decree.
2. For trailer boxes and containers, a period no longer than two years.
3. The following goods and materials may remain in the country for as long as the Program is in effect:
a) Machinery, equipment, tools, molds, and spare parts for productive processes, b) Pollution control equipment and devices used in research and training; industrial safety equipment; telecommunications and computer equipment; laboratory equipment; measuring equipment; quality control and testing equipment; and such equipment and devices as may be used in handling materials directly related to exported goods and others linked to productive processes, c) Equipment for administrative development.
The goods listed in Appendix I hereof may not be imported under the Program.
In authorizing a Program, the Ministry may simultaneously approve a Sector Promotion Program relevant to the goods for exports manufactured or the services rendered thereby while meeting the applicable regulatory standards.
Companies may transfer goods imported on a temporary basis under the relevant Program to other companies under a Program or to other companies registered as operating under its Program, to carry out outsourcing processes for exports, directly and exclusively related to purposes specified in the authorized Program, provided such companies meet the provisions of the IMMEX Decree and the General Foreign Trade Rules set forth by SAT.
Once the authorization for a Program is reported, the Ministry shall electronically issue the data allowing for the identification of the corresponding company so that SAT may automatically enter such data in the importer registry under the Customs Law.
Companies under a Program may choose to be covered by the benefits set forth by SAT via the General Foreign Trade Rules to be able to control the inventories thereof with the automated system indicated in the Customs Law.
Modalities of the Program
1. Holding company, when the manufacturing operations of a certified company denominated as a holding company, and one or more holding companies, are integrated in the same program; 2. Industrial, when an industrial process of manufacture or transformation of merchandise destined to export is carried out; 3. Services, when services are done to export merchandise or export services are rendered, only for the development of the activities which the Ministry of Economy determines, prior opinion of the Ministry of Treasury; 4. Shelter, when one or several foreign companies lend it the technology and production material, without the latter operating the Program directly; and 5. Outsourcing, when a certified company that does not have a production plant, carries out its manufacturing operations through third parties that it registers in its Program.
Duration
The program will be in effect as long as it continues meeting all requirements and obligations established in the IMMEX Decree.
Procedures
The Ministry of Economy will authorize a Program to companies that comply with stipulations of the IMMEX Decree. Interested parties must present an application before the Ministry of Economy in the established formats.
The Ministry of Economy must issue a resolution to the application of a Program within a term of fifteen business days, counted starting from the day after receiving the application. The term for the rest of the procedures related to a Program is ten business days. If no resolution has been issued in these periods, it will be understood that the Ministry resolved favorably and will issue the corresponding resolution.
Procedures related to this Program are at no charge and can be submitted in the state offices of the Ministry of Economy, which are authorized to assist with procedures related to IMMEX Programs in all their modalities.
Consult procedures: http://www.economia.gob.mx/?P=tra_immex
Consult IMMEX regulations: http://www.economia.gob.mx/?P=norm_immex
For more information: http://www.siicex.gob.mx
Consult IMMEX Decree: http://www.siicex.gob.mx/portalSiicex/Mes/2006.htm
2. Foreign Trade Companies (ECEX)
Definition
The Foreign Trade Companies (ECEX) Registration is a promotion instrument by means of which commercialization companies may access international markets with administrative terms and development banking financial support.
Beneficiaries
Companies whose activity is the commercialization of products abroad, and who meet the requirements described in the Decree for Establishing Foreign Trade Companies (ECEX Decree), as published in the Daily Gazette of the Federation on April 11, 1997.
Benefits
•Automatic issuance of the Highly Exporting Companies Certificate (ALTEX), •50% discount by Promexico in the cost of non-financial products and services, as determined by such institution through its integral support program for these companies, •The possibility of receiving financial assistance and support by Nacional Financiera for completing the company's projects, as well as specialized training services and technical assistance. This benefit will be granted to both ECEX companies and their suppliers.
Modalities
1. Export consolidator. Company whose main activity, as set forth in its articles of incorporation, is the integration and consolidation of goods to be exported, with a minimum subscribed and paid-in capital stock of $2,000,000 Pesos, and that exports the goods of at least five producer companies. 2. Export promoter. Company whose main activity, as set forth in its articles of incorporation, is the commercialization of goods in international markets, with a minimum subscribed and paid-in capital stock of $200,000 Pesos, and that exports the goods of at least three producer companies.
Duration
The duration of the Foreign Trade Company Registration will be indefinite and subject to compliance with the provisions contained in the ECEX Decree.
Commitments
Once the ECEX Registration is obtained, holders must fulfill the following commitments:
•Keeping inventory control as specified in the Customs Law and in the Foreign Trade Miscellaneous Resolution, •Maintaining the capital stock as it was authorized, •Conducting exports on its own during the first regular fiscal year after the registration date at the latest, for a minimum amount of 250 thousand dollars, for promoter companies, and 3 million dollars for consolidators, •Submitting a plan of activities, when registration is requested, during the first 15 days of January every year, indicating the activities to be carried out according to the mode, •Submitting the annual foreign trade transactions report, in magnetic media or through the Internet, at the latest on May every year, using the established format and delivering a copy to the corresponding Local Fiscal Audit Office of the Ministry of Treasury.
Reports
ECEX companies will report to the Ministry of Economy all the foreign trade transactions conducted during the previous year under the Program, by submitting the Annual Report of Transactions under Export Promotions Programs form via Internet. This report must be filed, at the latest on the last business day of May, and a copy must be delivered at the corresponding Local Fiscal Audit Office of the Ministry of Treasury.
Procedures
The procedures associated with this Program are at no charge and may be carried out in the Federal Offices and Deputy Regional Offices of the Ministry of Economy, which have the authority to serve the procedures for Foreign Trade Companies in every modality.
For detailed information on this procedure, visit: http://www.economia.gob.mx/?P=738
Consult ECEX regulation: http://www.economia.gob.mx/?P=737
For more information, visit: http://www.siicex.gob.mx
Consult ECEX Decree: http://www.economia.gob.mx/pics/p/p1376/D29.pdf
3. Highly Exporting Companies (ALTEX)
Definition
The Highly Exporting Companies (ALTEX) Program is a promotion instrument for exporting Mexican products, intended to support the operation of such entities with tax and administrative benefits.
Beneficiaries
1. Country-resident individuals or companies who produce non-oil goods and who are capable of evidencing direct exports for two million dollars or for the equivalent to 40% of their total sales' worth within a one-year period; 2. Country-resident individuals or companies who produce non-oil goods who are capable of evidencing annual indirect exports equivalent to 50% of their total sales;
3. Foreign Trade Companies (ECEX) with an effective registration issued by the Ministry of Economy;
4. Direct and indirect exporters may meet the export requirement of 40% or two million dollars, by adding both types of exporting.
Benefits
1. VAT favorable balances refund in a period of approximately twenty business days;
2. Free access to the Trade Information System, managed by the Ministry of Economy;
3. Exemption of the second inspection requirement for export goods at the export customs station, whenever such goods have previously received clearance in an interior customs station; and
4. Faculty to appoint a customs agent for several customs and various products.
In order to have these benefits, this program's users must file with the corresponding Federal Public Administration Agencies, a copy of the ALTEX Certificate issued by this Ministry of Economy, and if the case, the ratification of its duration.
Duration
The ALTEX Certificate (a document that identifies the holders of this program) will have an indefinite duration as long as its holder submits, on a timely manner, the annual foreign trade transactions report (at the latest on May every year), and meets the export requirements as set forth in the Resolution for the Promotion and Operation of Highly Exporting Companies (ALTEX Decree).
Commitments
•Evidencing that they meet the minimum export requirements, and •Submitting, in a timely manner, their annual foreign trade transactions report.
Reports
Holders of ALTEX Certificates are bound to submit, on the last business day of May every year, at the latest, a report on the foreign trade transactions they conducted during the previous fiscal year. This report must be submitted via Internet.
Duration
The ALTEX Registration, and accordingly, the ALTEX Certificate, will automatically be suspended if the report mentioned above has not been submitted by June every year. However, this will not impair a new request of it.
Procedures
The procedures associated with this program must be carried out at the public service window in the Offices and Deputy Regional Offices of the Ministry of Economy.
If the company owns various plants, the report may be filed with the office of its choice, as long as that office pertains to one of its plants. Any further procedure will be conducted at the office where the application was submitted.
For detailed information on this procedure, visit: http://www.economia.gob.mx/?P=751
Consult ALTEX regulation: http://www.economia.gob.mx/?P=750
For more information, refer to: http://www.siicex.gob.mx
Consult ALTEX Decree: http://www.economia.gob.mx/pics/p/p1376/D27.pdf
4. Import Tax Refund to Exporters (DRAWBACK)
Description
The Program for Import Tax Refund to Exporters allows beneficiaries to recover the general imports tax caused by imports of inputs, raw materials, parts and components, packing and bottles, fuels, lubricants, and other materials built into the exported product, or by the import of goods that are returned in the same condition, or goods to be repaired or altered.
The amount of the refund is determined by dividing the amount paid on account of the general import duty in Mexican currency by the Peso-US Dollar exchange rate in force on the date of payment. The result of this operation is multiplied times the exchange rate in force on the date when the refund is authorized.
The amount of the import tax refund is deposited by the Ministry of Treasury to the program beneficiary's account with any of the authorized banking institutions. The North America Free Trade Agreement (NAFTA) sets forth, as of the eighth year of its duration (2001), the modification of tax refunding mechanisms (DRAWBACK) in member countries, in order to prevent the distortion of the tariff preferences agreed in the same.
Therefore, as of 2001, the Program for Import Tax Refund to Exporters is subject to the following:
a) The formula set up in Article 303 of NAFTA is applied to non-originating inputs that are built into the goods to be exported to the US or Canada. According to the formula, only the lower amount of tariffs between the tariffs for inputs imported to Mexico and the tariffs paid in the US or Canada for the finished product may be refunded.
b) Tariffs paid for the following will be refunded without applying the formula: •Originating inputs imported to Mexico from North America built into the goods exported to the US or Canada. •Inputs imported to Mexico from any country, added to goods exported to countries other than the NAFTA members.
The legal rationale for this program is set forth in the Resolution that Sets the Import Tax Refund to Exporters, published in the Daily Gazette of the Federation on May 11, 1995, and its last amendment in December 29, 2000 (DRAWBACK Decree).
Free Trade Agreements with the European Union (FTAEU) and the European Free Trade Association (FTAEFTA), Title IV, Article 14 of the FTAEU and Title IV, Article 15 of the FTAEFTA provide for the prohibition of import tax refund or exemption for non-originating materials used in the manufacturing of those goods exported to the agreements' country members, for which a test of origin has been issued or prepared.
Therefore, as of 2003, the Import Tax Refund to Exporters Program is subject to the following restrictions:
a) Non-originating goods: The company must indicate whether the tariff preference provided by the agreements when exporting some of its products to the FTAEU or FTAEFTA Regions was used or not. •If affirmative, no import duties will be refunded. •If negative, 100% of paid duties will be refunded.
The document to evidence if the company has used or not the tariff preference will be the export declaration itself, where the Ministry of Treasury will include a code or identifier (not yet published). While the Ministry of Treasury publishes the corresponding rule, the company's statement under oath will be enough, indicating that the tariff preference upon the entrance of such goods to any country member of the FTAEU and FTAEFTA was not used.
b) Originating goods: Whenever the goods originate in the FTAEU region and the exported goods' destination is the same FTAEU region, or if they originate in the FTAEFTA region and are exported to the same FTAEFTA region, 100% of paid duties will be refunded.
Beneficiaries
Country-resident companies who meet the requirements set forth in the DRAWBACK Decree.
Criteria
The companies intending to obtain the tax refund must submit their application as follows:
•The application must be filled out in the Drawback.exe program, which can be obtained in the following website: www.economia.gob.mx, or directly in the public service windows, delivering three high-density 3.5'' magnetic disks for recording it. The application must be submitted in diskette and accompanied by the original print and a copy of same, as well as by a copy of the documents indicated in the form.
•The application must be submitted in the following terms: o Within 12 months after the import«s declaration date, and o The export must be carried out within such period, with a 90-day term, counted as of the date of the export declaration or the document proving the transfer, as the case may be.
Response
The Ministry of Economy will answer to the refund procedures within ten days at the most, as of the first day after receiving the application.
Procedures
The procedures associated with this program are at no charge and can be conducted at the DRAWBACK window in the Foreign Trade Office of the Ministry of Economy's Representation Office according to your fiscal address.
For procedure, visit: http://www.economia.gob.mx/?P=746
Refer to DRAWBACK regulation: http://www.economia.gob.mx/?P=745
For detailed information, visit: http://www.siicex.gob.mx
Consult DRAWBACK Decree: http://www.economia.gob.mx/pics/p/p1376/D28.pdf
5. Sector-specific promotion programs (PROSEC)
Description
With the aim of providing the productive sector with improved conditions in order to compete in various markets, as well as for enhancing supply conditions, the Ministry of Economy has designed and implemented production promotion programs and instruments. Their purpose is to support certain sectors by facilitating access to inputs, parts, components, machinery, equipment and other goods associated with their productive processes.
The Sector-specific Promotion Programs (PROSEC) are instruments intended for companies who produce certain types of goods, which allows them to import, with a preferential ad valorem tariff (General Imports Tax), various goods to be used in the manufacturing of specific products, regardless of the fact that goods to be produced are assigned for export or for the domestic market.
These programs are regulated by the Ministry of Economy through the Sector-specific Promotion Programs Decree, issued in the Federal Daily Gazette, on August 2, 2002 (PROSEC Decree).
Beneficiaries
Country-resident companies that manufacture the goods described in Article 4¡ of the PROSEC Decree, by using the goods mentioned in Article 5¡ of such Decree.
Benefits
Importing, with a preferential tariff, various goods for the manufacturing of specific products (in most cases, 0-5% tariffs are set for inputs and machinery imports).
The Sector-specific Promotion Programs (PROSEC) are designed under an input-destination scheme. For each of the 24 sectors involved, some Programs determine the goods that may be imported (inputs) with preferential tariffs in order to produce the specific goods (destination), which are also included in the Sector-specific Promotion Programs Resolution.
The Sector-specific Promotion Programs are:
1. For the Electric Industry; 2. For the Electronic Industry; 3. For the Furniture Industry; 4. For the Toys, Playground Items, and Sporting Goods Industry; 5. For the Footwear Industry; 6. For the Mining and Metalworking Industry; 7. For the Capital Goods Industry; 8. For the Photographic Industry; 9. For the Agricultural Machinery Industry; 10. For Various Industries; 11. For the Chemical Industry; 12. For the Rubber and Plastic Manufactured Goods Industry; 13. For the Iron and Steel Industry; 14. For the Pharma-chemical Products, Drugs, and Medical Equipment Industry; 15. For the Transport Industry, except for Automotive and Auto Parts Industry Sector; 16. For the Paper and Cardboard Industry; 17. For the Woodworking Industry; 18. For the Hide and Leather Industry; 19. For the Automotive and Auto Parts Industry; 20. For the Textile and Clothing Industry; 21. For the Chocolate, Candy and other Confectionery Industry; 22. For the Coffee Industry; 23. For the Food Industry; and 24. For the Fertilizer Industry.
Any producer authorized to operate under any of the programs above may choose to import the goods listed in the PROSEC Decree, with the tariff of the General Imports Tax specified in such order, as long as such goods are used for producing the goods included in each program.
Duration
The programs' duration will be one year, to be automatically renewed once the producers have submitted the annual report of the transactions conducted under the program, as explained in Article 8 of the PROSEC Decree.
Permanence Terms
Whenever goods are imported by also using an IMMEX program, such goods may stay in national territory for the periods established in Article 108 of the Customs Law.
Whenever the import is conducted under the definitive import regime, such goods may stay for an indefinite period of time.
In both cases, the holder of a PROSEC Program must use the imported goods in the manufacturing of the goods included in the corresponding authorized sector(s).
Commitments
In order to be able to benefit from a PROSEC Program, the terms set forth in the relevant Decree and the official communication containing the program's authorization must be complied with.
The Program's authorization will be granted as follows: Prior to the issuance of the authorizing resolution for a program, the opinion of the company's Local Revenue Service of the Ministry of Treasury will be requested, with the purpose of verifying if it is registered in the Federal Taxpayers' Registry, up-to-date in tax payments, and also if it is subject to any tax contingency execution administrative procedure.
A program will not be authorized to any producer who is a related party of another producer who had previously obtained a program's authorization within the same sector, and who had it cancelled for any of the following causes:
1. Non-compliance with provisions contained in the PROSEC Decree or other provisions deriving from it, or 2. Failure to meet the conditions under which the registration to the Programs was granted or non-compliance with the terms set forth in the approved program, or 3. Failure to file 3 or more provisional tax returns or the Income Tax, Asset Tax and Value Added Tax returns for the fiscal year; or whenever the corporate address is changed without filing the corresponding notice with the Ministry of Treasury, or if the company is not up-to-date in tax payments, or 4. Whenever the goods imported under the PROSEC Resolution have been assigned to any purposes other than those set forth in Article 4¡ thereof, without abiding to the provisions contained in the Decree.
Reports
The holder of a PROSEC program must report to the Ministry of Economy the foreign trade transactions it has conducted during the previous year under the Program.
Whenever the company fails to submit the report referred to above within the established term, its program will become temporarily ineffective and the holder may not benefit from it while such omission remains uncorrected. If by the last business day of June, the company has not submitted such report, the program will be permanently suspended.
The submittal of such report does not release producers from the obligation to use a computer system for controlling their inventories Ñas recorded in the accountingÑ, that meets the requirements set by the Ministry of Treasury to such end.
Procedures
All procedures associated with this program must be filed at the public service windows located in the Ministry of Economy's offices and deputy regional offices, according to the address of the plant where the productive process is carried out.
If the company owns various plants, the report may be filed before the office of its choice, as long as that office pertains to one of its plants. Any further procedure will be conducted at the office where the application was submitted.
For Procedures visit: http://www.economia.gob.mx/?P=729
Consult PROSEC regulation: http://www.economia.gob.mx/?P=728
To obtain detailed information, see: http://www.siicex.gob.mx
Consult PROSEC Decree: http://www.economia.gob.mx/pics/p/p1376/D33.pdf
The 8th Rule is an instrument which purpose is to reinforce the competitiveness of the national industry, establishing preferential tariffs to the importation of inputs, parts, components, machinery, equipment, and other merchandise related to production processes.
The Ministry of Economy will authorize the importation of merchandise under the 8th Rule mechanism, when the applicant of this benefit pretends to diversify sources of supply, in order to have a flexible supplier base, or when it is determined that the national production of those products is either inexistent or insufficient; in addition, authorization is given to companies during the stage prior to the start of production of new projects and to assist in the compliance of commercial obligations in international markets, among other situations regulated in the Agreement by which the Ministry of Economy issues general rules and criteria in the area of Foreign Trade.
In the following cases, benefit of the 8th Rule mechanism will not be authorized:
•Hazardous materials or waste, •Merchandise or the finished product, in which the requested merchandise is added, regulated in a specific way in a commercial agreement or treaty between Mexico and the country of origin, •Merchandise that will be used in the same condition as imported to become part of a work of infrastructure, especially those derived from public biddings, without undergoing any process of transformation or assembly in a permanent manufacturing establishment.
The importations of merchandise under the 8th Rule mechanism are authorized by the Ministry of Economy through a license, and may only be destined to the production of goods established in the PROSEC Decree for the authorized sector.
To obtain the corresponding license, it is necessary to be registered as a manufacturing company; a company will be considered as having a registration, when it has the authorization to operate with the support of the PROSEC Decree.
Firms must have an IMMEX Program in cases of operations under the temporary importation regime for production, transformation, or repair.
The foregoing requirement of a license is only mandatory to individuals choosing to carry out an operation under the scheme of the 8th Rule mechanism, and not when the operation is done using the classification of merchandise under Chapters 01-97 of the Rate of the General Taxes of Importation and Exportation Law.
Consult the Agreement by which the Ministry of Economy issues general rules and criteria in matters of Foreign Trade:
http://www.economia.gob.mx/work/normas/Marco_legal/
General Taxes of Importation and Exportation Law: http://www.diputados.gob.mx/LeyesBiblio/ref/ligie.htm Back>> |
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