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Several companies manufacturing and operating in Mexico imports raw materials and other pieces of equipment into Mexico from other countries like the US, Japan, India, etc. Although, the importing process has gotten simpler in recent years...
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5 Things Mexican Customs Broker can do for You Several companies manufacturing and operating in Mexico imports raw materials and other pieces of equipment into Mexico from other countries like the US, Japan, India, etc. Although, the importing process has gotten simpler in recent years, yet you need a Mexican customs broker to help you get through the compliance requirements for easy and convenient import. Why only Mexican customs broker? Only an experienced customs broker has the required knowledge of customs rules and procedures of importing. So, it's important to get a customs partner who is knowledgeable in Mexican trade to ensure smooth and hassle-free import. Here 5 things where Mexican customs broker can help you to import raw material and other supplies in the country: 1. Import Documentation The most crucial part of importing to any country, not just Mexico is the documentation part for customs authorities. You might not be knowing all the requirements of documentation, and hence need a customs broker who can help you fill out the following required particulars: Commercial invoice: official document for purchase. Certificate of origin: a voucher to prove the exporting country to decide customs duty. Certificate of weight and volume: to calculate various duties. Identification of goods: brand information, number of parts, product mix, serial numbers, etc. Filing all the above information correctly is necessary. It signifies that the imported goods have entered Mexico legally. 2. Registration of Importers Anyone who imports goods to Mexico has to register his businesses under Mexican tax authority i.e. SAT (Servicio de Administración Tributaria). Only those enterprises that have fully updated tax obligations can apply for registration. A customs broker can help you get through this complicated procedure of registration. They can help you to get listed on the Federal Registry of Taxpayer which is a compulsory obligation for import in Mexico.
3. Certificate of Origin Out of all other documents, the certificate of origin is among the most important documents for import in Mexico. You need this document to prove the country of origin of your imported goods before customs authority. It helps in deciding the preferential rate of customs duty, tariffs, and the application of countervailing duties. Customs broker can help you to prepare a certificate of origin to get maximum concessions in duties payable. 4. Save Time and Money with the Help of Technology Many customs brokers offer technological tools and other in-house systems to increase the efficiency of the businesses. They may provide facilities of Electronic Data Interchange(EDI), Proprietory Imaging Solutions (PIS), File Transfer Protocols (FTP) and much more. These advanced solutions can reduce the paperwork of the organization by simplifying the accounting and other requirements of customs authorities. 5. Providing Personalized Service Every business is unique and has special requirements based upon the industry in which they operate. A customs broker needs to be flexible in fulfilling these needs. They have a different set of procedures to fulfill the needs of various industries. By paying attention to details and with the industry experience, they can help a business to provide tailor-made solutions for every problem of import or export. Final Thoughts The Internet has made it easier for businesses to find a Mexican customs broker to assist in the process of import in the country. You can simply search the internet for various customs brokers and can even get a price quotation online.