Customs Law changes 2027
Customs Law changes 2027
As part of the 2027 Economic Package, Exhibit F presented a draft decree that reforms and adds various provisions to the Customs Law.
The Federal Government published the reform and additional customs provisions in the federal official gazette, strengthening the inspection powers of the customs authority by directly combating the practice of undervaluation in imports and protecting national industry, in alignment with the policies of the National Development Plan and the “Plan México.”
Among the key aspects of the reform, and in addition to the Customs Law, the draft eliminates the general 50% threshold difference to impose precautionary seizure of merchandise and restricts the substitution of seizures through customs guarantee accounts when there is reasonable doubt of undervaluation.
Hereunder are some recommendations to consider to prevent risks due to the entry into force of the reform and add provisions to the Customs Law:
The Federal Government published the reform and additional customs provisions in the federal official gazette, strengthening the inspection powers of the customs authority by directly combating the practice of undervaluation in imports and protecting national industry, in alignment with the policies of the National Development Plan and the “Plan México.”
Among the key aspects of the reform, and in addition to the Customs Law, the draft eliminates the general 50% threshold difference to impose precautionary seizure of merchandise and restricts the substitution of seizures through customs guarantee accounts when there is reasonable doubt of undervaluation.
Hereunder are some recommendations to consider to prevent risks due to the entry into force of the reform and add provisions to the Customs Law:
- Review of the customs valuation of your operations: Review valuation spreadsheets meticulously and the supporting value documentation for the transactions before clearing the goods.
- Monitor reference prices of your imports: Analyze the declared import prices against the market values of identical or similar goods in order to prevent risks.
- Consider possible financial impacts: Prevent possible financial impacts due to the impossibility of using customs guarantee accounts to substitute seizures of merchandise.