ANNOUNCED AS TEMPORARYNo
On May 14, 2013, the Government of Brazil announced the temporary tariff reduction of the ad-valorem import duty applicable to certain capital goods.
The Brazilian legislation, through the "ex-tarifários" 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 per cent ad-valorem import duty for goods classified under 147 codes of the following Chapters of the MERCOSUR´s Harmonized Tariff System: 82, 84, 85, 86, 89 and 90.
The measure is in force from 14 May 2013 to 31 December 2014.