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Extension of the tariff increase that is applied to steel goods classified in 97 sections of the TIGIE.

Extension of the tariff increase that is applied to steel goods classified in 97 sections of the TIGIE.

Derived from the announcement published by the SE on July 9, 2015 where various measures are announced to confront unfair trade in the steel industry, on October 7, 2015 the SE published in the DOF the decree by which It increased the Most Favored Nation (MFN) tariff to 15% for 97 tariff items applicable to various steel products.

Now, on April 4, 2016, the SE published in the DOF a decree by which the increase in said aforementioned tariffs is extended, as well as the extension of the exemption from the payment of the steel input tariff in 11 tariff fractions of the Sector Promotion Program (PROSEC).

From the above, and through the Decree published today, companies that import steel supplies listed in the 97 tariff fractions of chapter 72 of the TIGIE published by the SE will have to continue applying 15%, for 180 days. natural from October 8. However, importers that have PROSEC may exempt said duty in the following sections 7208.39.01, 7208.51.01, 7211.29.02, 7225.19.99, 7208.26.01, 7208.27.01, 7209.16.01, 7209.17.01, 7211.29. 02, 7225.30.99, and 7225.40.01

 

 

 

Source: http://www.dof.gob.mx/nota_detalle.php?codigo=5455988&fecha=07/10/2016

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