The law contains new tariffs, taxes, and provisions on Mexico’s Commercial Identification Numbers (NICO) and Harmonized Tariff Schedule (HS Codes).
The Commercial Identification Number (NICO) is a new project of the General Import and Export Duty Law (LIGIE) as part of the modernization of the Mexican Customs Tariff Rate. Which consists of a fifth pair of digits in addition to the eight that conforms to the Mexican Customs Tariff rate.