MVE for first-time importers: complete guide

If it is your first import, this is what you need to know

If you are about to make your first import to Mexico, there is something you need to know from the start: you must file an Electronic Value Declaration (MVE) for each operation. This is not optional, not something your customs broker does for you, and not a minor formality.

The MVE is your declaration, under oath, of the real value of goods you import. You sign it with your e.firma, and you are responsible for its content. If the value is incorrect, consequences fall on you, not your customs broker.

What you need before importing

1. RFC: your Federal Taxpayer Registry must be active
2. Importer registry: you must be enrolled in the SAT general importer registry
3. Valid e.firma: the electronic signature issued by SAT
4. Customs broker: a licensed professional to handle customs clearance
5. Commercial invoice: your foreign supplier's invoice
6. Sales contract: the agreement with your supplier (recommended in writing)

The key concept: customs value

Customs value is not simply the invoice price. It is the invoice price plus additions (royalties, assists, supplied materials, etc.) minus deductions (inland freight, post-import installation, etc.). This value is the basis for calculating all import taxes.

Do not make these beginner mistakes

• Do not leave the MVE to the last moment. Prepare it in advance.
• Do not assume your customs broker handles everything. The MVE is YOUR responsibility.
• Do not omit payments to the supplier. If you pay royalties or assistance, declare them.
• Do not use a value lower than the real one. Undervaluation is the most penalized error.
• Do not sign the MVE without reading it. Review every field before signing.

Camtom: the solution for inexperienced importers

Camtom was designed so any importer can generate their MVE correctly, even without trade compliance experience. The system guides step by step, automatically identifies additions, validates information and generates Format E2 ready to sign.