ANNOUNCED AS TEMPORARYNo
On October 31, 2012, the Government of Brazil announced the temporaryreduction of the Most Favored Nation (MFN) ad-valorem import duty applicable to certain informatics and telecommunications goods.
The Brazilian legislation, through the "ex-tarifarios" regime authorizes the temporary reduction of the ad-valorem import duty of capital and information technology goods, its parts, pieces and components. This temporary reduction may take place whenever it is found that there is no domestic production of these goods. To implement these reductions, the Brazilian authorities are allowed to create new tariff positions.
Through this resolution, the Brazilian Government determines the temporary application of a 2% ad-valorem import MFN duty for the goods classified under item 8443.32.99, and of 0% for the goods classified under items 8517.69.00, 8543.70.99, 8543.70.99, 8543.70.99, 8543.70.99, 8543.70.99 and 8543.70.99 of the Mercosur´s Harmonized Tariff System.
Camex (Brazil's Foreign Trade Council) resolution no. 75 of 29 October 2012 takes effect on 31 October 2012 and lasts until 30 June 2014.
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