Valuation
Customs undervaluation
Illicit practice of declaring lower value to reduce duties. May result in PAMA, fines of 130-150% of omitted value, and criminal liability.
Illicit practice of declaring lower value to reduce duties. May result in PAMA, fines of 130-150% of omitted value, and criminal liability.
Illicit practice of declaring lower value to reduce duties. May result in PAMA, fines of 130-150% of omitted value, and criminal liability.
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.
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.
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.
CustomsPAMA (Administrative Customs Procedure)
Legal procedure initiated by Mexican customs when serious infractions are suspected, such as smuggling or undervaluation, which may result in seizure of goods.