ANNOUNCEMENT 24 Dec 2010

The Mexican government included several products in the list of goods that can be imported under the IMMEX regime.

NUMBER OF INTERVENTIONS

2

  • 1 harmful
  • 0 neutral
  • 1 liberalising

SOURCE

Mexican Official Gazette. Diario Oficial de la Federación. DOF 24/12/2010. Decreto por el que se modifica el diverso para el Fomento de la Industria Manufacturera, Maquiladora y de Servicios de Exportación. Available at: http://dof.gob.mx/nota_detalle.php?codigo=5172388&fecha=24/12/2010

Inception date: 24 Mar 2011 | Removal date: 06 Feb 2016
Still in force

Import tariff

On 24 December 2010, the Mexican Secretariat of Economy issued a Decree modifying the provisions concerning the Promotion of the Manufacturing Industry, Maquiladora and of Export Services. In this sense, one of the key changes is the allowance to import several metal goods under the IMMEX regime under the condition that interested companies must be registered as certified companies.

In addition, goods enclosed in tariff line 2208.90.04 are no longer excluded from the IMMEX regime and can be imported with the tax exceptions described in the program.

The IMMEX program allows the temporary duty and VAT-free importation of goods and raw materials that are to be used in the production, transformation or reparation of foreign goods that will be exported. As a result of the new decree, the goods listed are now allowed under this regime. 

The changes mentioned in this Decree entered into force 90 days after its publication on the Official Gazette.

Update
On 6 January 2016, a new Decree was published by the Mexican Secretariat of Economy, derogating the concessions made on the Decree of 24 December 2010. These changes entered into force on 6 February 2016 (please, see related state acts).

AFFECTED SECTORS

 
Inception date: 24 Mar 2011 | Removal date: open ended
Still in force

Tax-based export incentive

The Decree issued by the Mexican Secretariat of Economy on 24 December 2010 also imposed tax-based export incentive resultant from the temporary duty and VAT-free importation of goods under the IMMEX program. In this sense, the addition of several metals and certain alcohols to the list of inputs affected by the IMMEX regime implies that their related outputs do now enjoy an export incentive.

The changes mentioned in this Decree entered into force 90 days after its publication on the Official Gazette.

Update
On 6 January 2016, a new Decree was published by the Mexican Secretariat of Economy, derogating the concessions made on the Decree of 24 December 2010. These changes entered into force on 6 February 2016 (please, see related state acts).

 
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