ANNOUNCEMENT 04 Jun 2012

In June 2012, the government of Brazil announced a change in import duties.

NUMBER OF INTERVENTIONS

1

  • 0 harmful
  • 0 neutral
  • 1 liberalising

SOURCE



Presidential Decree no. 7.742 of 30 May 2012, published in Official Gazette of 31 May 2012: http://www.planalto.gov.br/ccivil_03/_ato2011-2014/2012/Decreto/D7742.htm


Inception date: 04 Jun 2012 | Removal date: open ended
Still in force

Import tariff

On June 4, 2012, the Government of Brazil, announced a reduction of the tariff on Industrialized Goods (IPI, for its acronym in Spanish) applicable to mineralized water and certain types of food preparations.
 
According to this decree, as of October 1, 2012, the applicable IPI rate for these types of vehicles will be subject to a tariff reduction scheme that will be completed in 2013.
 
The products subject to the tax reduction are classified under chapters 21 and 22 of the Harmonized Tariff System.

AFFECTED SECTORS