What is the Eighth Rule?
The Eighth Rule is an import permit granted by the Mexican Ministry of Economy, designed to promote national production by reducing the general import tax on inputs used in the PROSEC program process.
This tool is essential for companies in the industrial sector, as it allows them to reduce the import costs of certain goods by lowering the tariff rate payable. By taking advantage of this permit, companies can access inputs at lower costs, which translates into greater competitiveness and efficiency in production.
Cases in which it is possible to request the Eighth Rule
Obtaining the Eighth Rule is particularly beneficial in contexts where there is a shortage of domestic production. This permit allows companies to diversify their suppliers and access quality inputs that are not produced locally, thus facilitating the development of new manufacturing projects. Furthermore, it is essential for fulfilling commercial commitments in foreign markets, ensuring that companies can compete internationally with high-quality products and optimized costs.
- Insufficient domestic production.
- Supplier diversification.
- New manufacturing projects.
- Trade commitments in foreign markets.
TradeWorks’ support in obtaining the Eighth Rule
At TradeWorks, we understand the importance of the Eighth Rule for your company’s industrial and commercial operations. We offer a detailed analysis to determine if your company is eligible to apply for this import permit. Our team of international trade experts will guide you through the entire process, ensuring you reap the benefits of this permit and optimize your foreign trade operations.
From the initial assessment to the final permit, at TradeWorks, we are committed to providing personalized and efficient service. Don’t risk the benefits that the Eighth Rule can offer: trust our experts to ensure the success of your international operations.
Contact us today for more information!