ANNOUNCED AS TEMPORARYNo
On 14 April 2018, the Brazilian Foreign Trade Council issued Resolution 26 eliminating Lauryl alcohol (NCM 3823.70.20) from the List of Exceptions to the Common External Tariff. This change led to the increase from 2% to 14% of the applicable 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.
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