ANNOUNCED AS TEMPORARYNo
On 23 July 2018, the Brazilian Foreign Trade Council issued Resolution 49 inserting two new tariffs lines in the List of Exceptions to the Common External Tariff. The affected products were NCM 8507.60.00, lithium-ion cells for electric accumulators and NCM 8705.30.00, fire-fighting vehicles and rescue aircraft at aerodromes.
In the case of lithium-ion cells, the import duty was temporarily reduced from 18% to 0%. The new duty applies until 31 December 2018.
With regard to fire-fighting vehicles, the import tariff was reduced from 5% to 0%.
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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