As per new rules being implemented by the Mexican government, textile and apparel importers will lose their authorisation to conduct business unless registration is submitted to the authorities. Legal firm Sandler’s Travis Rosenberg has said the rules, which require the submission of a registration for new sectorial importers registry by March 1, could have a significant impact on companies importing. The deadline was extended by a month from Feb 1, 2015.
In December, the Mexican government had announced measures under which textile and apparel importers had to register on the sectorial importers registry before they could import goods classified within Chapters 50 to 63 of the Harmonized Tariff Schedule of Mexico. Registration was opened from January 1, and failure to register by March 1 deadline could lead to a denial of entry for imports, along with the resultant costs and supply chain delays. Separately, minimum reference prices for textile and apparel goods will enter into force on February 2.
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.