ANNOUNCED AS TEMPORARYNo
The removal of certain products from the LETEC announced on Resolution 46 issued by CAMEX on 3 July 2018 also lead to the decrease of the import duty set on the following tariff subheadings: NCM 1511.90.00, 8480.41.00, 3001.20.90 and 3002.15.90. The new import duties have been reduced to 0%, 10% and 14% depending on the product. Previously, according to the data available at the WTO database, the applicable tariffs ranged between 3% and 30%.
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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