ANNOUNCEMENT 06 May 2011In May 2011, the government of Brazil announced a change in import duties.
NUMBER OF INTERVENTIONS
Camex Resolution no. 28 of 5 May 2011, published in Official Gazette of 6 May 2011: http://www.camex.gov.br/legislacao/interna/id/736
Camex Resolution no. 29 of 5 May 2011, published in Official Gazette of 6 May 2011: http://www.camex.gov.br/legislacao/interna/id/899
Ministry of Development, Industry and Trade, press release of 6 May 2011 (in Portuguese): http://www.mdic.gov.br/sitio/interna/noticia.php?area=1¬icia=10618
On May 6, 2011, the Government of Brazil announced the temporary tariff reduction of the ad-valorem import duty applicable to certain telecommunications, information technology, and capital goods.
The Brazilian legislation, through the "ex-tarifarios" regime authorizes the temporary reduction of the ad-valorem import duty of capital and information technology goods, its parts, pieces and components. This temporary reduction may take place whenever it is found that there is no domestic production of these goods. To implement these reductions, the Brazilian authorities are allowed to create new tariff positions.
Through this resolution, the Brazilian Government determines the temporary application of a 2% ad-valorem import duty for certain telecommunications, information technology, and capital goods, classified under Chapters 73, 84, 85, 87, 90 and 94 of the Harmonized Tariff System.
Both resolutions are effective 6 May 2011 to 30 June 2012.