ANNOUNCEMENT 19 Jul 2017
The Executive body of MERCOSUR decided to amend the Common External Nomenclature leading to the increase of the import duty set on caprylic acid.
NUMBER OF INTERVENTIONS
MERCOSUR. Grupo del Mercado Común. Resolución 023/2017. Available at: https://normas.mercosur.int/simfiles/normativas/RES_023-2017_ES_Modif%20NCM%20y%20AEC.pdf
On 19 July 2017, the Group of MERCOSUR has adopted Resolution 023/2017 creating a new tariffs subheading related to certain fatty acids. As a consequence, the import duties on tariff line NCM 3823.19.10 has been increased from 2% to 14%.
The amendments introduced in this resolution are to enter into force on 1 January 2018.