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Import regulations by Mexico customs
Free To Import:
Up to $300.00 Dls worth of merchandise in one or several articles.
If their arrival point is in the international border area (US, Guatemala, Belize), then the limit is $50.00 Dls. worth of merchandise.
The traveler is to press the fiscal stoplight after delivering the customs card. If the light turns green the traveler goes forward and exits the customs area, but if the light turns red, the customs officer must verify the correctness of the declaration as compared to the travelers\' luggage (and carry items).
Cash or Negotiable Credit Instruments Carried with the Traveler. Travelers are permitted to carry up to the equivalent of $10,000.00 Dls U.S. currency in cash or negotiable credit instruments upon arrival to Mexico, without the need to declare it. The traveler may also transport sums greater than the ten thousand, but is required to advise customs of the action.
Export regulations by Mexico customs
Other Mexico customs information
http://www.mexicolaw.com/LawInfo05.htm#Filings
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