ANNOUNCED AS TEMPORARYNo
On June 4, 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% ad-valorem import duty for goods classified under 224 codes of the following Chapters of MERCOSUR´s Harmonized Tariff System: 82, 84, 85, 86 and 90.
The reduction will be applied for a period of 18 months.
Since the inception ofresolution no. 39 by the Brazilian Foreign Trade Council (Camex) on 4 June 2013, various ex-tarifários have been retrieved from the list (see also "Related Measures"):