The Immex program is a program that allows the raw material to stay in the country for a temporary period. These raw materials are imported to Mexico and are spared from any kind of duty fee and taxes. The raw material can stay in the country till the duration of manufacturing and then must be exported. So, the Immex program is aimed to support the manufacturers and exports of the country. Manufacturing companies can get help from Tacna and other services like this to get a better understanding of the Immex program, its requirements and its terms and conditions.
There are certain requirements to be a part of the Immex program and along with that, there are certain steps or procedures that involve the program. The program has plenty of benefits, for example, the ease of doing business, increase in exports of the country, support to the manufacturing industry, strengthens the economy of the country, and increase the job opportunities for people. Moreover, the betterment of the infrastructure is also included in the aims of the program. This program introduced by the government serves as a major part in the betterment of the infrastructure and repute of the manufacturing industry of Mexico.
The products undergo three different procedures during their temporary stay in Mexico before they are exported out after complete manufacturing.
Elaboration under Immex program:
This process of elaboration involves the import of the raw material from other countries and then its stay in Mexico for manufacturing. When manufacturing is done then the product is exported from the country. For example, if the raw material is wood and is brought into a country then something such as furniture would be manufactured from it and then finally would be exported out of the country.
Transformation under Immex program:
In this process, the products which require changes like chemical introduction in the product or the physical changes are involved. An example of this can be food products as well. The required chemical changes are done in the products and then they are sent to the market for export. Then these products are finally exported out by the company.
Repair under Immex program:
Some products that come to the country are for repair. They are imported for the sake to be repaired so that they can be sent back to the market. The Immex program involves the procedures about the repair of the products as well. The repair of the product is done under the Immex program in Mexico and then these products are exported to the countries.
There are certain requirements that the companies must fulfill to be a part of the immix program. Moreover, the products or the material can only stay in Mexico for the given period, and then it is supposed to be sent to the market for export. Therefore, the manufacturing industry is succeeding day by day there and the exports are also increasing. The check and balance on the procedures of the Immex program is the key here.
