Mexico: Decree Exempting Import Duties and Granting Administrative Facilities for Certain Basic Products

On January 6, 2022, the Mexican Government published in the Official Gazette (DOF) the “Decree by which the payment of import duties is exempted, and administrative facilities are granted to various items of the basic basket and basic consumption of families.” This is an extension of the Decree published on October 19, 2022. The purpose is to establish that the goods to be imported into Mexico, goods identified in the tariff fractions of the Tariff of the General Import and Export Tax Law, will be assigned to the customs regime of final importation by an "Importing Company of Basic Basket Products" and are exempted from facing import duties.