Pitex definition

Pitex means Programa de Importación Temporal para Producir Artículos de Exportación, the Borrower’s program to temporary import to produce export products;
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Examples of Pitex in a sentence

  • Additionally, none of the Intangible Assets are subject to any Mexican governmental program, such as Pitex or maquila, that could limit the transferability of the Intangible Assets.

  • Temporary imports require the importer to obtain government approval, normally in the form of an import-export program, known as IMMEX programs (formerly Maquila or Pitex programs) and benefit from value added tax exemptions.

  • The Borrower, through the Administración General de Aduanas, has established an Inter Secretarías Information System with the purpose of establishing inter-connectivity to link public entities involved in customs procedures, which program includes: (a) incorporation of Pitex, Maquila, and PROSEC information; and (b) incorporation of quota administration information.

  • Except as set forth in Schedule 3.22, FAMAPE represents and warrants that the Famape Assets arenot subject to or under any Maquila, Pitex or similar exportation program.