ANNOUNCED AS TEMPORARYNo
CAMEX Resolution 9 issued on February 28, 2018, eliminates the import duty set on NCM 8479.50.00 by including this tariff line in the List of Exceptions to the Common External Tariff. The applicable import duty on this product as set on the Mercosur Common External tariff would be 14%, however, thanks to Mercosur Decision CMC no. 26/15 the Government of Brazil has the right to change this import duty.
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. LETEC 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 LETEC of 100 codes based on the NCM until 31 December 2021. Due to this restriction, Brazil had to retrieve a number of other goods, as noted above.
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