Foreign trade fines, like any other type of sanction, are a negative response to a certain situation. These oblige anyone who makes a mistake to pay an amount of money focused on correcting any violation of the law.
In general, a foreign trade fine applies to the above only in the context of import or export. Although any person or company that wishes to enter into international logistics activities may not be subject to a fine. The truth is that during each phase you are in danger of breaking the law and therefore in danger of facing a fine; Therefore, it is important to do a brief review of some of the most common fines and how they can be avoided.
1. Erroneous or imprecise declaration of assets:
When documents are generated that specify weight, quantity, type of products or any index of the load to be transported; Precision needs to be the main factor to consider. Since serious fines can be presented for inconsistency in information. To avoid making this mistake, it is important to review each document, data, specifications and create an accurate report that lists the products with their characteristics.
2. Delay in the delivery of customs documents:
This point is usually one of the most common reasons why fines are collected. Since the complete customs information is not submitted or, failing that, it is missing and submitted at the wrong time; A charge is generated for non-compliance with this rule that ranges between $3,000 and $5,000 MXN. To avoid this type of fines, it is important to have all the information for entering or leaving the country so that it can be delivered complete, well structured and on time during customs transit.
3. Lack of locks or security seals:
Not having adequate security means or even showing signs of alteration or violation in the cargo represents another of the common reasons for being eligible for a foreign trade fine. To avoid this type of problems, it is important to carry out an inspection at origin since this way the containers will be reviewed from the exporting country, preventing the cargo from being manipulated again during any transshipment; It is also necessary to maintain constant surveillance of the cargo until its arrival.
4. Allow or encourage the sale of imported products on boats:
As illogical as it may seem, this is another fairly common reason for a fine, since by encouraging the purchase of foreign products that have recently arrived in the national territory directly from ships or aircraft, a violation is incurred.customs law 187since it exceeds good sales practices. The fine for this offense is around $7,000.00 to $10,000.00 MXN. Naturally, to avoid falling into such a mistake, it is very important that once the goods arrive, they are sent to their corresponding warehouses and subsequently to their destination points of sale so that the goods are made available to buyers in the appropriate place.
Currently there are various types of fines or violations of the foreign trade law, regardless of whether it is an import or export, it is important to know the majority of the situations in which they can be incurred, since each time a fine is presented the logistical expenses increase, therefore it is highly recommended to have the support of a specialized agent such asAPR Cargo Groupwho will be able to advise you on these issues at all times and provide vital support to your supply chain.