Is your company prepared for increased scrutiny of their Maquiladora operations?
As a result of both US and Mexican customs services increased enforcement activities, there has been a renewed focus on compliance in relation to operations in and imports from maquiladoras. Importers in both Mexico and the US are facing increased enforcement of their NAFTA, country of origin and value declarations to their appropriate customs service. PricewaterhouseCoopers (PwC) can assist you with your maquiladora’s import activities.
Opportunity
PricewaterhouseCoopers’ Maquiladora customs compliance service can prepare your company for an increased level of customs scrutiny. The Maquiladora customs compliance service offering can provide assistance with:
- North American Free Trade Agreement ("NAFTA") issues
- Reconciliation/cost submission
- Country of origin determinations
- Valuations
- Classifications
- Self Correction Procedures™
Specifically, PwC can provide companies with assistance on administering a compliant NAFTA program. This guidance may address origin rules, recordkeeping requirements and documentation procedures. NAFTA guidance also includes conducting compliance reviews to verify that a company is complying with the myriad of rules and regulations. Reconciliation assistance helps maquiladoras review their entire reconciliation process from preparation through filing.
PwC also provides assistance in determining the proper country-of-origin for goods manufactured or assembled in a maquiladora. PwC also works with companies to help them determine the proper customs Value of merchandise. This service can include assisting maquiladoras to obtain the proper documentation to validate value deductions for US goods returned.
In addition, our classification expertise can help companies make decisions. Our knowledge of customs rules relating to these areas, combined with our experience in business processes, can provide companies with solutions. Among these is the Self Correction Procedure™ (SCP) developed by PwC to allow a validation of a maquiladora’s "in-bond" inventory. The tool is used to correct discrepancies between raw materials and components imported on a temporary basis and those incorporated into finished products which were ultimately exported.
Overall, our Maquiladora customs compliance services can assist your company and its maquiladora to meet the external scrutiny levied by US and Mexican customs services.
