ANNOUNCEMENT 04 Nov 2013In November 2013, the government of Brazil announced a change in import duties.
NUMBER OF INTERVENTIONS
Camex Resolution no. 92 of 1 November 2013, published in Official Gazette of 4 November 2013: http://www.camex.gov.br/legislacao/interna/id/1140
Ministry of Development, Industry and Trade (MDIC), press release of 4 November 2013 (in Portuguese): http://www.mdic.gov.br/sitio/interna/noticia.php?area=1¬icia=12784
On November 4, 2013, the Government of Brazil announced the temporary tariff reduction of the ad-valorem import duty applicable to certain capital goods. The reduction will be in place until 31 December 2014.
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 goods classified under 123 codes of the following Chapters of MERCOSUR's Harmonized Tariff System: 84, 85 and 90.