Forum Discussion
Francesca_Knowl
May 06, 2014Explorer
Canadian Rainbirds wrote:
If the vehicle is not recovered, the Mexican Authorities consider it SOLD and you have to pay import duty on the vehicle's value, about 30%, IF you want to get your temporary import permit cancelled so you can get a TIP in the future for another vehicle.
I don't understand- do you mean to say that if your vehicle is stolen and never recovered you actually have to pay the Mexican Government a 30% penalty? If so, will your insurance cover those "fees"?
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