International Business INB365 Lecture 13: Mexican Customs
4 Jan 2018
School
Department
Professor
Document Summary
Published everyday, and announces government law and regulation changes. Necessary to subscribe as it is not uncommon for changes to come into effect the next day. No one except a mexican firm or individual can import merchandise into mexico. All mexican importers must be registered in a importer database at each port they intend to import merchandise through. All importers must also have the mexican equivalent to. Broker must have original broker designation letter on file enabling the broker to clear goods through customs on the importers behalf. As well a power of attorney must be signed as well. If shipment"s value is less than us then no broker is required. Like the usa importers must post a customs bond directly with customs. If importer defaults, surety can still collect from importer. A mexican customs entry is called a pedimento . Customs broker receives all entry information and prepares the pedimento.
