The new Import Duty and Export Duty Law has been published in Mexico’s Federal Official Gazette. The publication took place on June 7, 2022.
On June 7, 2022 the Ministry of Economy of Mexico published in the Mexican Official Gazette (“DOF” by its acronym in Spanish) the new Import Duty and Export Duty Law (“LIGIE” by its acronym in Spanish). The following are some of the most significant changes vis-à-vis the old version of the LIGIE:
Finally, it is worth mentioning that the issuance of the new LIGIE is part of Mexico's commitment to comply with the Seventh Edition of the Harmonized System of the World Customs Organization, effective January 1, 2022.
The foreign trade practice team at Hogan Lovells will closely monitor the progress of this important development and keep our clients and friends timely informed.
We are at your disposal to provide any additional information and answer any questions you may have on the subject matter.
Authored by Mario Antonio Lara Rodríguez.
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