- Mexico’s Customs Law will be amended effective 1 January 2027 to broaden precautionary seizure powers for undervalued imports.
- Customs authorities may seize goods ex officio if the declared import value is below the transaction value of identical or similar goods determined under Customs Law valuation rules; the former 50% undervaluation threshold is removed.
- The new rule also eliminates the prior exception for goods subject to estimated prices where a guarantee had been posted, and focuses on transaction value of identical/similar goods rather than reference prices.
- Before 1 January 2027, authorities will issue general rules identifying goods subject to the new seizure regime and, for non-listed goods, setting percentage thresholds for when seizure may apply.
- The reform also adjusts release procedures for seized goods, including deposit/evidence requirements and a four-month deadline in certain cases.
Source: bakermckenzie.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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