ANNOUNCED AS TEMPORARYNo
On 1 April 2013, the Government of Brazil announced the temporary tariff reduction of the ad-valorem import duty applicable to 213 types of capital 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 duty for the goods classified in 212 codes of the following Chapters of the MERCOSUR´s Harmonized Tariff System: 84, 85, 86, 87 and 90; and a 0% duty for railway machines classified under code 8602.1000.
The measure by the Brazilian Foreign Trade Council (Camex resolution no. 17) lasts from 1 April 2013 until 31 December 2013.
Since its inception, various types of capital goods have been revoked (see also "Related Measures"):
On 27 December 2013, the Brazilian Foreign Trade Council released resolution no. 121 which extends the reducedtariffs for various capital goods included in resolution no. 17 until 31 December 2014.
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