ORBIS Compliance

New Agreement on Commercial Identification Numbers Released

Published /Mexico

Overview

On August 22nd, 2022, the "AGREEMENT by which the Commercial Identification Numbers (NICO) and their correlation tables are disclosed" was published in the DOF by the Mexican Secretary of Commerce.

Commercial Identification Numbers

The commercial identification numbers classify goods based on the tariff fractions, and the methodology for their creation and modification is established by the Ministry of Economy, with the prior opinion of the Ministry of Finance and Public Credit.

This classification consists of tariff fractions and a commercial identification number, which will be formed by 2 digits. These digits will be placed in the subsequent position of the corresponding declared tariff fraction, ordered from 00 to 99. This system aims to provide more precise statistical data and acts as a trade facilitation tool that enables enhanced commercial and statistical intelligence functions.

Changes to Previous Agreement

The previous "NICO" Agreement and its correlation tables, published on November 17th, 2020, and subsequent modifications, are now deprecated.

Enforcement

This new Agreement took effect on the same day as the LIGIE (Law on General Import and Export Taxes) published on June 7th, 2022.

Mexico Quick Facts

Regulatory AgencyIFT (Instituto Federal de Telecomunicaciones)
Certification TypeMandatory
License ValidityFinal Homologation Certificate: permanent
Application LanguageSpanish
Legal License HolderRequired
In-country Testing RequirementDepending on the product

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