Mexico General Administration Of Taxation Combating Low Invoicing Of Textile And Clothing Imports

Recently, the federal tax administration of Mexico has worked with financial intelligence agencies, private enterprises and procuratorial organs to discover an international network of textile smuggling involving 31 importers, 53 foreign suppliers, 22 customs agents and 113 camouflaged companies.

70% of imported textiles and 49% of clothing products were imported by 18 non inspection enterprises. The main ports of entry were: samantho, Lhasa Luo, Juarez, Vera Cruz, MaxicoCity Airport and new alalo.

Mexico's economist and financial financiers have recently synthesized news. Recently, the federal tax administration of Mexico and financial intelligence agencies, private enterprises and procuratorial organs found a network of textile smuggling, involving 219 main bodies.

Anti money laundering and fiscal and financial reforms provide a basis for combating illegal trade.

According to the relevant officials of the State Administration of Taxation, since July 2013, the relevant departments of the Mexican government have conducted a one year investigation to identify the channels of crime.

To 31 importers, 53 foreign suppliers, 22 customs agents, 113 camouflaged companies.

The 53 foreign suppliers are mainly in China, Hongkong, Singapore, Panama, Vilgin, Korea and a small number in the United States.

Importers declare customs at the time of customs declaration, which is less than the market price.

22 customs agents participate in the declaration process.

After they are imported, they are sold at real prices in the market, and their profits are remitted abroad. There are three main destinations: manufacturers in Asia, and importers in Mexico.

And Panama accounts; organized crime group accounts.

According to the official of the State Administration of Taxation, 70% of imported textiles and 49% of the clothing products were imported by 18 non inspection enterprises. The main import ports include: samantho, Lhasa Luo, Juarez, Vera Cruz, MaxicoCity Airport and new alalo.

The 31 importers declare the price at 216 million pesos.

1/7 of normal price resulted in 1 billion 500 million loss of customs revenue.

Be Pedja Lai, the Minister of finance, said that in the next few weeks, similar protection measures in footwear industry would be announced, customs restrictions and customs duties should be abolished.

In 2010, the General Administration of Taxation of Mexico had taken similar measures to combat tax evasion. 22 investigations were carried out, involving a total of 14 billion 600 million pesos.