IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 17 Dec 2018 | Removal date: open ended

Tax or social insurance relief

On 17 December 2018, the Brazilian Foreign Trade Council has adopted Resolution 102 establishing new procedures to determine whether there is any domestic production of automotive parts that may qualify for a duty exemption under the special import regime.

With the new amendments, the duty exemption will be granted if the benefiting company allocates the funds that should have been used to pay the tariff to carry out research, development, and innovation projects for the development of the automotive industry. 

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

362 Other rubber products
429 Other fabricated metal products
431 Engines & turbines & parts
432 Pumps, compressors, hydraulic & pneumatic power engines; parts
433 Bearings, gears, gearing & driving elements; parts
439 Other general-purpose machinery & parts
462 Electricity distribution & control apparatus; parts
465 Electric filament or discharge lamps; lighting equipment; parts
469 Other electrical equipment & parts
474 Parts for the goods of classes 4721 to 4733 & 4822
482 Instruments & control equipment, except optical instruments
491 Motor vehicles, trailers & semi-trailers; parts
492 Motor vehicle bodies; trailers & parts thereof

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