Description
Gain an understanding of the importexport laws and regulations that pertain to your business activities.The most important part of mitigating compliance liability when you are an importer or exporter is understanding what laws and regulations pertain to your business activities. This topic, aimed at U.S. companies that need to export products to Mexico, is an overview of the regulatory scheme for importing products into Mexico. It includes a discussion of the Mexican entry process, including the Pedimento, and what information and documentation are required for entry. We will review how to determine the customs value of the products for the Pedimento and what tariffs, taxes, and fees may be owed on the imports. This course also provides an overview of the USMCA Rules of Origin and documentation required for a Verification of Origin. The material will end with a discussion of recordkeeping requirements, what to do in the event of a customs audit or penalty, Mexico’s OEA Supply Chain Security Program, and resources to help you locate additional information.
Date: 2022-01-19 Start Time: End Time:
Learning Objectives
Importing Into Mexico • the Official Register of Importers (Padron De Importadores) and Special Sector Registries
The Customs Entry (Pedimento De Importaction) and Process
Required Import Documentation and Applicable Documentation Demonstrating Compliance With Mexicos Product Safety and Performance Requirements
Tariff Classification Under Harmonized Tariff System (HTS)
Tariffs, Taxes, and Fees, Antidumping and Countervailing Duties, Sectoral Promotion Program (PROSEC) • Definitive Imports and Temporary Imports
Customs Valuation
USMCA • 9 Data Elements
Rules of Origin – Preferential and Non-Preferential Determinations of Origin and Documentation
Recordkeeping Requirements
The Importers Legal Liability • Mexicos Customs Regulations
Verifications of Origin • Other Compliance Audits – Customs Penalties
Mexicos Authorized Economic Operators Certification (OEA) (Operadores Economicos Autoizados) • Supply Chain Security Program
Resources for Further Information and Data
APICS ,CLE (Please check the Detailed Credit Information page for states that have already been approved) ,ISM ,Additional credit may be available upon request. Contact Lorman at 866-352-9540 for further information.
Lynne W. Wendt-Wendt & Temples, LLC
