customs Law Basics
What is the main purpose of customs law in Mexico?
To control goods entering and leaving Mexico
What organization oversees global trade?
The World Trade Organization
What does a red light a customs inspection mean?
The traveler or shipment will be inspected
What law regulates customs in Mexico?
The Mexican Customs Law
What international organization helps set customs standards worldwide?
THE World Customs Organization (WCO)
What agency is responsible for creating customs regulations in Mexico ?
SAT (Servicio de Administración Tributaria)
what is the name of the tax that must be paid on imported goods?
import duties (aranceles)
What does the Mexican Customs Law do?
It sets the rules for imports and exports
Who checks goods at customs?
Customs officers
What happens if someone breaks customs law in Mexico?
fines, penalties or have their goods seized
What type of international agreements help Mexico trade more easily with other countries?
Free Trade Agreements
What Mexican government body creates new customs regulations?
The Congress of Mexico
Name two things importers and exporters must do under customs law
Pay taxes and declare goods correctly
What document helps companies understand how much duty they must pay on certain goods?
The Mexican Tariff schedule (TIGIE- Tarifa de la ley de los impuestos generales de importación y exportacion)
What is the main role of the National Customs Agency of Mexico (ANAM)?
It manages customs operations, collect import or exports taxes, and enforces trades laws.