Commercial Information Circulars
24-hour hotline : 23 922 922
e-mail address : enquiry@tid.gov.hk
Ref : EIC 426/2
9 January 2012
Dear Sirs,
Commercial Information Circular No. 24/2012
Mexico : New System for Detecting Undervaluation of Imports
The tax branch of the Mexican government, the Servicio de Administración Tributaria, launched on 15 December 2011 a new pre-validation system to detect undervaluation of imports. For further details, please refer to the subject press release "Nuevo sistema para detectar la subvaluación" (in Spanish) issued on 6 December 2011: http://www.sat.gob.mx/sitio_internet/servicios/noticias_boletines/33_22116.html#com2011_198.
2. The new system allows Mexican customs agents to identify undervaluations prior to dispatch of imported goods for appropriate follow up actions. Pre-validation commences with more than 400 customs tariff codes in the textile sector, to be followed by the footwear and clothing sectors.
ENQUIRIES
3. For enquiries concerning this circular, please contact the undersigned at telephone number 2398 5682.
Yours faithfully,
(Miss Cindy LAU)
for Director-General of Trade and Industry
| Note : | While every effort is made to ensure the accuracy of the above information, the Department cannot guarantee this to be so and will not be held liable for any reliance placed on the same. |