Mexico: Essential rules for a correct tariff classification
Correctly classifying a good in foreign trade involves understanding its nature, function, composition and processing degree. This process is governed by the TIGIE and the rules established by organizations such as the World Customs Organization (WCO) and national authorities such as AGACE. The correct identification of the heading, subheading and tariff fraction ensures that the merchandise receives the appropriate tax, regulatory and statistical treatment, avoiding legal and operational risks in import and export operations.
As mentioned in the previous article, “Keys to International Trade and Import Processes”, tariff classification is probably the most important part of foreign trade at the national level, since it is the basis on which both contributions and tariff restrictions are determined in the import and export of goods to Mexico.
In this document we address the rules for a correct tariff classification.
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