14 Aug 2018
Brazil Lowers Duties on Additional Products
Brazilian authorities have announced the addition of 423 items to a list of foreign capital goods and information technology and telecommunications goods that benefit from duty-free treatment under the Ex-Tarifario regime, down from 14 or 16 percent. Of this total, 385 items are capital goods and the remaining 38 are IT and telecom goods. The capital goods covered by this action are classified in HS chapters 73, 84, 85, 87, 89, 90 and 94, while subject IT and telecom goods are classified in HS chapters 84, 85 and 90. Subject merchandise will benefit from duty-free treatment through 30 June 2020, except for one item that will benefit from such treatment through 31 December 2018.
In a separate action, a broad range of items classified in HS chapters 39, 70, 76, 83, 84, 85, 87, 90 and 94 have been added to the list of automotive parts that benefit from a reduced two percent duty, down from 12, 14, 16, 18 or 20 percent. Certain items have also been dropped from the list, while the descriptions or tariff lines for other items have been amended.
Finally, Brazil has renewed for an additional six months its tariff-rate quota on up to 50,000 tonnes (25,000 tonnes per quarter) of frozen sardines classified under NCM 0303.53.00. In-quota imports will benefit from duty-free treatment while out-of-quota merchandise will be subject to the regular most-favoured nation duty rate.