Fixed assets represent a significant capital investment for
manufacturing companies, though, once made, they are just there to
produce as expected and that is it, right? Not quite. We have
recently seen a surge in Mexican Local (State) authorities auditing
fixed assets importation-compliance as per their collaboration
abilities (sic) with the Mexican Federal Treasury.
Global manufacturing companies with Mexico presence ordinarily
have a significant number of foreign-made fixed assets (usually
machinery and equipment) at their production sites that were either
acquired from third parties in Mexico (local vendors), or imported
from abroad.
Mexican Customs Law holds that, as one would expect, importers
are obliged to observe its provisions; nevertheless, those that
also handle, transport or possess imported products -upon request
and without statute of limitations- are required to prove the legal
importation of such products.
