ANNOUNCEMENT 27 Dec 2010In December 2010, the government of Brazil announced a change in import duties.
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 721090 classified under the Mercosur Common Nomenclature (NCM). This tariff reduction is limited to a quota of 800 tons.
It is important to note that this tariff reduction was implemented for reasons of shortage.