Commercial Information Circulars
24-hour hotline : 23 922 922
e-mail address : enquiry@tid.gov.hk
Ref : EIC 426/2
3 June 2016
Dear Sirs,
Commercial Information Circular No. 470/2016
Mexico : Issues New Minimum Estimated Prices on Textiles, Apparel and Footwear
The Mexico government has recently expanded the minimum estimated price mechanism established in February 2015 (relevant details are at CIC No. 105/2015 dated 3 February 2015) on imported textiles and apparel by setting minimum estimated prices on a range of additional tariff lines. The expansion included, among others, the establishment of a US$11.06 per piece minimum estimated price for woven ties, tow ties and cravats of silk or silk waste classified under Mexican Harmonised Tariff Schedule (HTSMX) 6215.10.01, but the price has been lowered to US$2.95 per piece.
DETAILS
2.By way of background, minimum estimated prices are employed as a reference or guideline and may not be used to determine the customs value of goods. Importers who declare a customs value for their goods that is below the established reference price will be required to append to the import declaration proof of the deposit or security issued by the credit institution or surety authorised to operate customs escrow accounts. The deposit or security must cover the difference between the declared and estimated duties and antidumping measures, whenever applicable.
3.For details on the minimum estimated prices mechanism and amended minimum estimated price for woven silk ties, please refer to the following official notices (in Spanish) –
http://dof.gob.mx/nota_detalle.php?codigo=5422207&fecha=06/01/2016; and
http://dof.gob.mx/nota_detalle.php?codigo=5429824&fecha=15/03/2016.
ENQUIRIES
4.For enquiries about the content of this circular, please contact Mr Lewis LAU at telephone number 2398 5405.
Yours faithfully,
(Miss Janice LAU)
for Director-General of Trade and Industry