How Spectrum Worldwide is in compliance with security regulations

Have you ever been in a situation where you say to yourself: had I known this, I would have acted differently? Well, this is what usually happens when we do not know the norms or rules about something and still, we act, blindly and without measuring the costs of doing it. In this case, about customs compliance.

How Spectrum Worldwide is in compliance with security regulations

We are convinced that this is a point that cannot be left adrift and that it is of vital importance for our clients and for any company that depends on foreign trade both for its daily operations and for its expansion and growth. Not knowing them not only generates fines and penalties, it also leads us to have costs and inefficiency in operations.

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Have you ever been in a situation where you say to yourself: had I known this, I would have acted differently?

Well, this is what usually happens when we do not know the norms or rules about something and still, we act, blindly and without measuring the costs of doing it. In this case, about customs compliance.

So if you want to have a good experience in your imports and exports, always. It is best that you read to the end. There are standards in all settings and areas of the world.

In the case of international trade, Mexico has been making great efforts in this regard, which have led to strict adjustments, with the aim of eliminating illegality and organized crime.
This series of regulations require full compliance by companies and customs agencies.

Failure to comply with these rules can lead to fines and penalties that can be very serious. For companies it may imply the loss of their merchandise, assets and not being able to carry out more international operations. And in the case of agencies, the loss of their patent as a customs agent.
This is the reason why customs compliance is the most important thing for us.

That is why we want through this article, to help you be clear about the most important aspects when doing it, since in most cases in which errors occur, although they are involuntary, these fines and penalties are incurred due to lack of knowledge on this topic.
In addition to the rules established by the government for the exchange of goods, both in Mexico and in the rest of the world, there are rules established by companies and agencies.

This entire set of rules must be aligned for successful trades to take place.
In our case, as a customs agency with extensive experience and with one of the most important and complex certifications to obtain: C-TPAT Certified.

We are convinced that this is a point that cannot be left adrift and that it is of vital importance for our clients and for any company that depends on foreign trade both for its daily operations and for its expansion and growth.

Not knowing them not only generates fines and penalties, it also leads us to have costs and inefficiency in operations.

Our goal is to provide you with information so that you can anticipate these situations, allowing you to reduce costs and make processes more efficient.

When you go to review your customs compliance you must have extensive knowledge of the laws in force in international trade in Mexico, as well as the points of origin and destination.

Customs regulations in each country obey its own interests and also the cultural way in which each country handles its internal dynamics in processes as sensitive as foreign trade.

The Mexican case is not the exception and there are quite different norms and processes from more advanced countries such as the European Community or the United States, where customs processes are quite simplified and based on the trust they have with their own culture, where The responsibility of the individual before the state prevails, which exercises very rigid mechanisms against the crime of physical or technical smuggling and does not allow much room for its people to think about committing minor crimes or breaking rules for their own individual good.

In Mexico and some Latin American countries where customs processes can be more complex, entities or people doing international business must take special care to review the rules that, although similar worldwide in terms of tariffs, may be different in terms of regulations. and regulatory, with diametrically opposite sanctions in different countries.

In Mexico, the details where people usually have a lot of trouble and can even cause their merchandise to be confiscated, is the processing of the customs petition, since the simple fact of having an inaccuracy or omission results in additional expenses that go from $ 1800 MXN per document. That is why at Spectrum Worldwide we adhere to compliance to make a correct request.

At Spectrum Worldwide we carry out this document as part of the comprehensive service we offer and according to our experience, we highly recommend that you always have a customs broker and that all the prior reviews offered by the government be carried out before making the payment and that the document is issued by the SAT. All Customs Agents are in charge of preparing the petition and the customs law determines who and what merchandise must be dispatched by a Customs agent.

Points such as the correct preparation of the sales invoice, reviewing the negotiation terms well specified and updated to the INCOTERM 2020 standard that will regulate the negotiations for the next 10 years, as well as an exact and not generalized description of the products sold, as well as Like reviewing any required export or export permits before performing the operation, it is a must-have task.

That is why we suggest you make a detailed plan of your imports or exports, which allows you to identify:

  • Updated and valid documentation in relation to Mexican customs laws as related, as well as those of the points of origin and destination
  • Clear terms of negotiation
  • Budget
  • Tax payment
  • Compliance with Non-Tariff Regulations and Restrictions of each merchandise BEFORE the merchandise reaches the dispatch point.

Hire a logistics operator that guarantees the management of the entire operation and offers you:

  • Pick up
  • Transportation
  • Customs
  • Delivery at destination

And keep you informed of the step by step of your goods.

We have noticed that the lack of attention in the document, in the merchandise or in the shipping or reception processes, can create failures. The main fault is when the goods do not match, the ones that are sent with those that the importer receives. At Spectrum Worldwide we don’t have that problem as we look at every particle of the customs process to avoid breaches like this.

Our job is to pay attention to each of the details, not only the regulations and restrictions, but also on how the goods are received or how the goods are dispatched so that upon entering customs they can be passed without stopping at any of the processes.

Complying 100% with the legislation is necessary and complicated, especially being aware of new provisions that are constantly changing. Therefore, a team that keeps you abreast of new requirements is essential.

For the same reason, as Spectrum we have to protect ourselves against the maintenance of our patent as agents. And we have the obligation for the service provided by our clients to comply with the strict regulations and thus avoid customs problems of the merchandise of our client partners that import or export.

In Mexico, customs agencies are endorsed by the SAT, which is the regulatory body for tax and customs legislation in the country, and from Article 40 of the Customs Law, the obligation to use a customs agent for import or customs operations is established. export.

Therefore, the greatest guarantee that can be had at the time of hiring it is its knowledge in the customs matter and especially in the strict adherence to customs compliance that ensures zero risks in the import and export of goods.

RODOLFO VILLAVERDE

INSIGHTS SPECTRUM WORLDWIDE

At Spectrum Worldwide we are always working to provide you with more knowledge to support your decision process. Our consultants are experts in customs operations and foreign trade.

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How Spectrum Worldwide is in compliance with security regulations

A matter of vital importance for our clients and for any company that depends on foreign trade both for its daily operations and for its expansion and growth.

What are the INCOTERMS updated for this 2020? (article 2 w-1)

Updating of laws and regulations is essential to achieve the objectives of international trade operations.

How does a customs agency work?

The export of any resource produced by local companies has become the guarantor of the companies’ success.

DO YOU NEED TO DELVE INTO A TOPIC?

Spectrum Worldwide experts will be able to give you the attention you need in a phone call or physical meeting. We are available in our offices around the country to receive you and assist you in whatever is presented regarding your customs matters.

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