Other new rules now being implemented by the Mexican government could have a significant impact on textile and apparel importers companies as well.
Minimum reference prices for textile and apparel goods will enter into force on Feb. 2. If importers declare a customs value for a shipment below the reference prices they will have to guarantee the difference in duties by using a bond.
Another new requirement now in effect is that importers must notify Mexican Customs at least five working days in advance of any textile and apparel import operation to give authorities time to evaluate whether the goods are undervalued.
These and other measures being imposed for textiles and apparel are similar to those Mexico put in place for footwear in 2014.
For more information on the new textile, apparel and footwear requirements and how they may affect your import operations, please contact Mirsha Saynes at (866) 455-0548 or Elise Shibles at (415) 489-1403.