ANNOUNCED AS TEMPORARYNo
On December 14th 2010, the Brazilian government announced a temporary tariff increase on the ad-valorem import duty from 14% to 25% for tools for pressing, stamping or punching and from 14% to 30% for mould for metal (injection or compression types). These products are classified under the codes 8207.30.00 and 8480.41.00 of the Mercosur Common Nomenclature (NCM), respectively.
The average bound tariff of the product code 8207.30 is 25% and 32.5% for the product code 8480.41.
It is important to note that these products are included in the list of exceptions of the Common External Tariff of Mercosur.
On 3 July 2018, CAMEX issued Resolution 46 modifying the List of Exceptions to the Common External Tariff (LETEC) of Mercosur eliminating NCM 8480.41.00 from the list (please see related state acts)
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