ANNOUNCED AS TEMPORARYNo
On July 28th, 2010, the Brazilian government announced temporary tariff reduction on the ad-valorem import duty from 12% to 2% for flat-rolled products of iron classified under the items 7208.51.00 and 7210.90.00 of the Mercosur Common Nomenclature (NCM) tariff code.
It is important to note that this tariff reduction was implemented for reasons of shortage, under Resolution No. 69/00 of the Common Market Group of
The tariff reduction of the item 7208.50.00 is limited to a quota of
The tariff reduction for the item 7210.90.00 is limited to a quota of
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