Through its International Trade Chamber (CAMEX), the Brazilian government has released new resolutions reducing the import tax rates of 217 different types of industrial equipments and machinery not produced nationally.
As an attempt to promote domestic industrial and production growth, capital goods such as engines, pumps and machines, and several products for the ITC sector have had their import tax rates reduced from 16% down to 2% through the special customs regime Ex-Tarifário.
The special regime allows temporary import rates reduction of manufactured items which are not produced by the national industry. Private initiative can also file requests for specific products.
The complete list of the applicable NCMs and further legislation are available in the Portuguese language through the following links:
- Capital goods: Camex Resolution No. 17/2013
- ITC goods: Camex Resolution No. 18/2013
- Ex-Tarifário: Camex Resolution No. 17/2012