Valuation
Customs Undervaluation
The illegal practice of declaring customs value below the actual price to reduce duties. A serious infraction with fines of 130-150% of omitted duties, seizure, and possible criminal liability.
The illegal practice of declaring customs value below the actual price to reduce duties. A serious infraction with fines of 130-150% of omitted duties, seizure, and possible criminal liability.
Intentionally declaring value below the actual price. SAT combats it with estimated prices, risk profiles, post-clearance audits, and information sharing with partner countries.
Customs Value
The monetary amount on which import duties are calculated, determined according to the WTO Valuation Agreement with transaction value as the primary method.
RegulationsEstimated 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.
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.
CustomsCustoms Guarantee 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.