Government slows the entry of 32 million Asian tennis • Economics and Finance • Forbes Mexico

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The Government of Claudia Sheimbaum stopped the technical smuggling of 32 million tennis and sports shoes from China, Vietnam, Indonesia and Cambodia, according to the general director of Commercial and Foreign Trade Facilitation of the Ministry of Economy (SE), Félix Wilfrido Márquez Sánchez.

The official explained that these types of products entered the country at a price of $ 7 the piece and importing companies did not pay taxes or social security.

“5 companies were intervened where 80% of the imports simulated within the IMMEX Footwear program were carried out, which represents an affectation of 9 billion pesos,” he said.

The program for the promotion of manufacturing, maquiladora and export services industry, known as IMMEX, allows the entry of inputs free of tariffs for manufacturing in Mexico for export purposes.

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Márquez Sánchez said that intervened companies have misused the program by importing finished products that stay and sell in the country, which represents unfair competition to the national industry since, in addition to not paying tariffs, they do not pay VAT or ISR.

According to the official, the operations of the insured companies had increased more than 1,300 percent of temporary imports.

He added that intervened companies controlled more than 20 percent of the Mexican tennis sale market.

He stressed that the national footwear industry has presented an unusual increase of 959 percent in import pairs volumes.

He added that the importation of smuggling tennis affected the industry and the public hacienda because it does not pay tariffs, VAT, ISR and much less workers insurance.

He said that the imports carried out by the companies Maquiladora Sin Frontera, Kaizen Inc., Co Production of Tijuana, Business Solutions MH Fashion and Philkor Trenes are an unfair competition against the industry that does comply with its taxes of taxes, salaries and insurance.

Lee: Authorities confiscisan 300 MDP in Chinese smuggling merchandise on CDMX

The confiscation of products in Ensenada, Tijuana and Guadalajara is part of the second phase of the cleaning operation that was in charge of the Ministry of Economy, the Financial Intelligence Unit and the National Customs Agency of Mexico.

He said that no Mexican company manages to produce those 32 million shoes.

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