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Import tariff quota
On January 30, 2018, the Foreign Trade Council of Brazil adopted Resolution 3, reducing the import quota on HS Code 7607.11.90 for a quota of 2,137 tonnes. The new import duty has been set at 2% whereas the duty that applies outside the quota remains at 7%. The new value applies from February 1, 2018, and is valid for twelve months.
In addition to this new import tariff quota, the Brazilian government also extended the tariff rate quotas set on NCM 2833.11.10 and 7606.12.90 (please see related state acts).
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