ANNOUNCED AS TEMPORARYNo
In early 2013, the government of Brazil reduced import tariffs on selected goods that have no local equivalent.
On February 28, 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 261 codes of the following Chapters of MERCOSUR's Harmonized Tariff System: 82, 84, 85, 86, 87 and 90.
On 27 September 2013, Camex Resolutionno. 121 extended the duration of some goods until 30 December 2014.
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