ANNOUNCEMENT 26 Oct 2015
In October 2015, the government of Brazil announced a change in import duties.
NUMBER OF INTERVENTIONS
2
SOURCE
Camex, press release of 27 October 2015: http://www.mdic.gov.br/sitio/interna/noticia.php?area=1¬icia=14140
Camex resolution no. 97 of 26 October 2015, published in Official Gazette of 27 October 2015: http://camex.gov.br/legislacao/interna/id/1461
Ministry of Development, Industry, and Foreign Trade (MDIC), current regulation on Letec, "Lista de Exce??es ? Tarifa Externa Comum - LETEC": http://www.desenvolvimento.gov.br/sitio/interna/interna.php?area=5&menu=3378
Brazilian Foreign Trade Council. Câmara de Comércio Exterior. Resolução 82, de 25 de Outubro de 2018. Available at: http://www.camex.gov.br/component/content/article/62-resolucoes-da-camex/em-vigor/2128-resolucao-n-82-de-25-de-outubro-de-2018
On 26 October 2015, the Brazilian Foreign Trade Council (Camex) issued Resolution no. 97 decreasing the import tariff on hybrid and electric cars from 35% to either 0%, 2%, 4%, 5%, or 7%.The tariffs took effect on 27 October 2015.
The following goods, classified under the following Mercosur Common Nomenclature (NCM), are affected by the change in the customs 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 one other good from the LETEC, which was NCM 3002.20.29.
Update
On 25 October 2018, the Brazilian Foreign Trade Council has adopted Resolution 82 revoking 124 resolutions including this one.
On 26 October 2015, the Brazilian Foreign Trade Council (Camex) issued Resolution no. 97 decreasing the import tariff on hybrid and electric cars from 35% to either 0%, 2%, 4%, 5%, or 7%.The tariffs took effect on 27 October 2015.
The following goods, classified under the following Mercosur Common Nomenclature (NCM), are affected by the change in the customs 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 one other good from the LETEC, which was NCM 3002.20.29.
Update
On 25 October 2018, the Brazilian Foreign Trade Council has adopted Resolution 82 revoking 124 resolutions including this one.