The amendment of the Customs Law and other legal provisions applicable to Foreign Trade operations, call us for reinforcing the implementation of strong trade compliance systems.
Below are the most important key points of the recent amendments we suggest focusing your attention to:
- Value Manifest: The filling out and filing obligations remain with the importer of record. It is important to document the paid price or payable price of the imported goods. Entrance in force December 9, 2025.
- Establish internal communication with all departments of the company in preparation of the “electronic file”, which must have key and sensitive information.
- Create internal controls to validate and confirm compliance with customs provisions in view of the material increase in fines and sanctions, as well as on the creation of events of preliminary seizure of goods and suspension of importers´ rights.
- Review commercial relationships with third parties, including those with customs brokers, to identify and set forth responsibilities.
- Focus on the traceability of manufacturing operations.
