ANNOUNCEMENT 14 Aug 2014In August 2014, the government of Brazil announced a change in import duties.
NUMBER OF INTERVENTIONS
Sandler&Travis Trade Advisory Services, Inc. (2014). Brazil Expands Rules on Temporary Import Duty Reductions. Available at http://www.strtrade.com/news-publications-Brazil-ex-tarifario-rules-082214.html
Camex. (2014). Resolu??o N? 66, de 14 de Agosto de 2014. Available at http://www.camex.gov.br/legislacao/interna/id/1258
On 14 August 2014, Camex (the Brazil's Foreign Trade Chamber) published Resolution No. 66, expanding the rules for seeking and obtaining temporary import duty reductions on capital goods, information technology and telecommunication goods introduced under the Ex-Tarifário regime.
The aim of the Ex-Tarifário regime was to encourage investment for the expansion and restructuring of domestic production in order to improve Brazil's competitiveness in the global economy.
Resolution No. 66 replaces Resolution No. 17 from 2012 and codifies some of the practices already in place but also adds stricter requirements for Ex-Tarifário benefits. The primary objective is to give the Brazilian government a better picture of the impact of Ex-Tarifário on domestic manufacturing and the economic activity.
Specific provisions include:
(1) Requirements regarding global investments and import and export amounts linked to the application;
(2) Terms and procedures for claims presented by local producers in the course of the public consultation;
(3) New criteria for applications concerning parts and components of IT and telecommunications goods;
(4) Further details on the process for renewing or modifying duty reductions already in force;
(5) A requirement for Brazilian Customs to provide statistics regarding goods imported under the Ex-Tarifário regime;
(6) Clarification that import duty reductions for automotive parts and components should be sought under Resolution No. 71 from 2010, which is specific to the automotive sector;
(7) Any change in a tariff schedule provision does not invalidate a reduced duty rate on the affected product;
(8) Procedures for revoking a duty reduction before it is scheduled to expire;
(9) Tools allowing authorities to determine whether goods imported under the program are actually used as intended;
(10) New requirements for submitting petitions that eliminate the option of sending email.