IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 14 Jun 2011 | Removal date: 13 Jun 2012
Still in force

Tax or social insurance relief

On 7 June 2011, the President of the Republic, Hugo Chavez Frias, adopted Decree No. 8.278 which temporarily eliminates the Value Added Tax (VAT) on imports of valves corresponding to tariff line 8481.
 
This measure entered into force on 14 June 2011 for the period of one year. 

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

432 Pumps, compressors, hydraulic & pneumatic power engines; parts
8481 Taps, cocks, valves and similar appliances for pipes, boiler shells, tanks, vats or the like, including pressurereducing valves and thermostatically controlled valves.
848110 Pressurereducing valves
848120 Valves for oleohydraulic or pneumatic transmissions
848130 Check (nonreturn) valves
848140 Safety or relief valves
848180 Other appliances
848190 Parts

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