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Import licensing requirement
On December 18, 2017, the Mexican Secretary of Treasury and Public Credit issued the Foreign Trade Rules for 2018. In chapter 1.3 related to registries, in particular, in section 8, the new legislation introduces 6 tariff lines that are now subject to the Sectorial Importer's Registry of Hydrocarbon. The products affected are natural gas, propane, biodiesel and its mixtures (HS Codes 2710.20.01, 2711.11.01, 2711.12.01, 2711.19.01, 2711.21.01 and 3826.00.01).
The new rules establish that in order to be able to import the referred goods, companies must request their registration in the Sectorial Importers Registry Sector 13 managed by the Secretary of Treasury and Public Credit.
In addition, the new legislation also establishes that companies obliged to register may submit an importation application for these goods until the respective authorization request is resolved by the authorities. This exemption is only allowed for the first application submitted as long as it is presented before March 30, 2018. For already registered companies, the provision allows them to import these goods, as long as they comply with the specific requirements established in the rules no later than March 30, 2018.
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