ANNOUNCEMENT 16 Nov 2012
In November 2012, the government of Brazil announced a change in import duties.
NUMBER OF INTERVENTIONS
Camex resolution no. 83 of 13 November 2012 (in Portuguese): http://www.in.gov.br/visualiza/index.jsp?jornal=1&pagina=11&data=16/11/2012
Ministry of Industry, Foreign Trade and Services of Brazil. Ministério da Industria, Comércio Exterior e Serviços. Lista de Exceções à TEC. Available at: http://www.mdic.gov.br/legislacao/9-assuntos/categ-comercio-exterior/391-certificado-form-61
On 16 November 2012, the Brazilian Foreign Trade Council (Camex) increased the tariff on paper for print money (NCM 4802.57.91) from 6% to 12%. Camex resolution no. 83/12 takes effect on 16 November 2012 and adds the item to the list of products with a tariff exception to the Mercosur Common External Tariff.
List of Exceptions to the Common External Tariff
The tariff codes were included in the List of Exceptions to the Common External Tariff (LETEC) of Mercosur, which is a mechanism that allows member states of Mercosur to apply customs duties that are lower or higher than otherwise listed in the Mercosur Common External Tariff schedule.
However, the tariffs shall not surpass the ceilings given by the WTO. Mercosur Decision CMC no. 26/15 gives Brazil the right to maintain a list of 100 codes based on the Mercosur Common Nomenclature until 31 December 2021.