ANNOUNCED AS TEMPORARYNo
On 26 September 2014, Camex (the Brazilian Foreign Trade Chamber) issued Resolution No. 87, increasing the import tax on gypsum from 4% to 20%. Gypsum (NCM code: 2520.10.11) is the raw material for plaster. Furthermore, Camex increased the import tax on ornamental plasterboards (NCM code: 6809.11.00) from 10% to 25%. The import tax increase will enter into force on 1 October 2014.
List of Exceptions to the Common External Tariff
The tariff codes were included in the List of Exceptions to the Common External Tariff (LETEC) of Mercosur, which is a mechanism that allows member states of Mercosur to apply customs duties that are lower or higher than otherwise listed in the Mercosur Common External Tariff schedule.
However, the tariffs shall not surpass the ceilings given by the WTO. Mercosur Decision CMC no. 26/15 gives Brazil the right to maintain a list of 100 codes based on the Mercosur Common Nomenclature until 31 December 2021.
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