This webinar will provide you the information and tools needed to understand the way IMMEX, formally known as maquila, and PITEX, operate in Mexico. You will also learn about the most recent changes and amendments to the applicable laws and regulations, including duty deferral and drawback under NAFTA.
Why Should You Attend:
If you have an IMMEX plant, are planning to incorporate one, or do business or deal with an IMMEX, this webinar is for you. It will help you understand how these plants are controlled and operated, and why specific documentation and information is required by various parties in the supply chain.
When Maquilas and PITEX programs were initially created in Mexico, each one had a different purpose with separate and distinct regulations. At the same time, both programs received administrative, accounting and customs benefits. They were an important part of the Mexican economy and represented more than 80% of the total manufacturing for Mexican exports.
However, due to the duty deferral and drawback restrictions imposed under the North American Free Trade Agreement (NAFTA), Maquilas and PITEX would no longer continue receiving the same benefits. Consequently, the Mexican government dismantled them and in their place created a new program known as IMMEX (Manufacturing, Maquiladora and Export Services Industry) that represented a new opportunity for the trade community.
IMMEX continues to be an excellent way to invest and do business in Mexico. Do not miss this unique opportunity to hear about all the benefits offered by this program presented by Mexican attorneys that specialize in customs and trade law.
Areas Covered in the Seminar:
Laws and regulations applicable to IMMEX.- Mexican customs law- General Customs Rules- IMMEX decree- Article 303, NAFTA
Mexican authorities that supervise, inspect, control and impose sanctions to IMMEX- Secretaria de Economia- Secretaria de Hacienda y Credito Publico
IMMEX Benefits.- Goods and merchandise that IMMEX can import into Mexico- Statutory periods of time applicable to goods imported by IMMEX
Operation and control of a company with an IMMEX Program.- Transferring goods among companies with IMMEX Programs- Calculation and payment of duties, duty deferral and drawback- How and when to pay them
Requirements and obligations.- Annual sales- Annual report- Automated inventory control system- Return or export of goods abroad
Exporting goods to the United States and Canada.- Article 303, NAFTA
Different kind of companies that an IMMEX program may have:- Controller- Industrial- Services- Shelter- Third party
How to apply and obtain an IMMEX Program.
Other aspects.- Labeling- Mexican taxes- Certified companies- Pedimento- Customs regime
Who Will Benefit:
- Companies with IMMEX plants in Mexico- Individuals or companies wishing apply for IMMEX Program- Companies supplying goods or services to IMMEX plants- Companies receiving goods and services from an IMMEX- Customs Compliance personnel- Transportation and Logistics- Inside Counsel- International sales/purchasing department
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