ANNOUNCEMENT 05 Mar 2012
In March 2012, the government of Brazil announced a change in import duties.
NUMBER OF INTERVENTIONS
Ministry of Development, Industry and Foreign Trade (MDIC) press release of 5 March 2012 (in Portuguese): http://www.mdic.gov.br//sitio/interna/noticia.php?area=1¬icia=11349
Camex resolution no. 15 of 29 February 2012, Official Gazette of 5 March 2012, p. 2 (in Portuguese): http://pesquisa.in.gov.br/imprensa/jsp/visualiza/index.jsp?jornal=1&pagina=2&data=05/03/2012
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 5 March 2012, the Brazilian Foreign Trade Council (Camex) reduced the import tariff on toluene diisocyanate (TDI) from 28% to 14%. The chemical product, labelled under NCM 2929.10.21, was on the List of Exceptions to the Mercosur Common External Tariff (Letec).
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.