Also known as: Guarantee account, Customs bond account
A special bank account where the importer deposits a guarantee equal to the duties that could arise from differences between declared value and the estimated price of merchandise.
A customs guarantee account is a financial mechanism protecting the treasury when there is a risk of undervaluation. It is required when the declared import value is lower than the estimated price published by SAT for certain goods. The importer deposits the difference between duties calculated at declared value and those at estimated price in an authorized bank. If the declared value is confirmed correct, the deposit is returned with interest.
Estimated Price (Reference Price)
A reference price published by Mexico's SAT for certain imported goods, used as a parameter to detect potential undervaluation in customs declarations.
TradeCustoms Value
The monetary amount on which import duties are calculated, determined according to the WTO Valuation Agreement with transaction value as the primary method.
ValuationTransaction Value
The price actually paid or payable for imported goods, adjusted as prescribed by the WTO Valuation Agreement. It is the primary method for determining customs value.
CustomsForeign Trade Duties and Taxes
Taxes, fees, and charges payable upon the import or export of goods, including import duty (IGI), customs processing fee (DTA), and import VAT.