ANNOUNCEMENT 27 Dec 2010In December 2010, the government of Brazil announced a change in import tariff quotas.
NUMBER OF INTERVENTIONS
CAMEX Resolution n? 91, from December 27th 2010. Available at: http://www.mdic.gov.br/arquivos/dwnl_1293629736.pdf
On December 27th 2010, the Brazilian government announced a temporary tariff reduction on the ad-valorem import duty from 12% to 2% for the product code 3206.11.19 and from 16% to 2% for the product codes 8535.21.00 and 8547.10.00, classified under the Mercosur Common Nomenclature (NCM).
The tariff reductions are limited to the following quotas:
- item 3206.11.19 - limited to a quota of 95,000 tons;
- item 8535.21.00 - limited to a quota of 64 units;
- item 8547.10.00 - limited to a quota of 54 units.
It is important to note that this tariff reduction was implemented for reasons of shortage