Valuation
Last Resort Method
What is Last Resort Method, its role in foreign trade, and how it applies to customs operations in Mexico.
What is Last Resort Method, its role in foreign trade, and how it applies to customs operations in Mexico.
In customs valuation and tax base determination, Last Resort Method is a fundamental technical concept that directly impacts the calculation of foreign trade taxes.
Flexible valuation method when others don't apply. Customs valuation in Mexico is governed by the Agreement on Implementation of Article VII of GATT (WTO Valuation Agreement) and Articles 64 through 78-C of the Customs Law. There are six valuation methods that must be applied in sequential order.
Correct application of customs valuation methods is critical because it determines the base on which all foreign trade duties are calculated. Valuation errors can result in undervaluation (sanctionable) or overvaluation (unnecessary costs).
Data analytics and AI tools enable verification of declared value consistency, identification of pricing patterns, and automation of customs value adjustment calculations.
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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
What is Transaction Value, its role in foreign trade, and how it applies to customs operations in Mexico.
ValuationAdditions to Value
What is Additions to Value, its role in foreign trade, and how it applies to customs operations in Mexico.
ValuationDeductions from Value
What is Deductions from Value, its role in foreign trade, and how it applies to customs operations in Mexico.