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Mexico suspends import eligibility for Repsol, rail firms

07/20/2021 | 02:25pm EDT

MEXICO CITY, July 20 (Reuters) - Mexico's tax authority has suspended 82 companies from its list of approved importers, including Spanish energy giant Repsol and a Kansas City Southern (KCS) rail unit, the agency said late on Monday, citing unspecified compliance failures.

Also among the companies suspended was another major rail operator that is part of leading Mexican copper miner and transport conglomerate Grupo Mexico.

Repsol, KCS and Grupo Mexico's Ferrosur rail freight unit did not immediately respond to requests for comment about the action by the tax authority, known locally as the SAT.

The SAT said in its statement that the actions were part of a broader anti-tax evasion program in which Mexico's energy ministry and CRE energy regulator are also involved.

Mexico imports large volumes of products including refined fuels and grains, across its nearly 2,000-mile (3,220-km) land border with the United States, in addition to receiving shipments of goods via its major Pacific and Gulf Coast ports. (Reporting by Adriana Barrera; Additional reporting by David Alire Garcia and Anthony Esposito; Editing by Sandra Maler)


© Reuters 2021
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