Regulations
Estimated Price (Reference Price)
Also known as: Reference price, Benchmark price
A reference price published by Mexico's SAT for certain imported goods, used as a parameter to detect potential undervaluation in customs declarations.
Also known as: Reference price, Benchmark price
A reference price published by Mexico's SAT for certain imported goods, used as a parameter to detect potential undervaluation in customs declarations.
An estimated price (precio estimado) is a reference value published by Mexico's SAT for certain tariff codes, designed to detect and prevent undervaluation of imported goods. If the value declared in the pedimento falls below the estimated price, customs authorities may require the importer to justify the price or, failing that, proceed with precautionary seizure.
The estimated price is NOT a tax or tariff. It is a control mechanism to combat undervaluation. If the importer can prove the declared price is the actual transaction value (with invoice, contracts, bank payments), the declared value prevails.
Estimated prices are updated periodically and apply mainly to goods with high undervaluation risk such as textiles, footwear, steel, consumer electronics, and agricultural products from certain 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.
CustomsPrecautionary Seizure
A precautionary measure by which customs authorities retain goods when irregularities are detected during clearance or verification, such as discrepancies in classification, value, origin, or documentation.
CustomsCustoms Clearance
The complete set of procedures and formalities required for goods to legally enter or exit a country through customs.
CustomsCustoms Declaration (Pedimento)
The official document filed with Mexican customs that covers the entry or exit of goods from Mexico, prepared and submitted by a licensed customs broker.