Clipping of news on Brazilian Culture, Law and Citizenship
07/09/2012
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Brasilia - The Management Executive Committee (Gecex) of the Foreign Trade Chamber (Camex) has approved a temporary reduction in the rate of import duty for capital goods and computer products and telecommunication, a mechanism called a former tariff. The items will benefit from the tax reduced to 2% by December 31, 2013. The two resolutions were published in the Camex Official Gazette
The granting of ex-tariff aimed at increasing the competitiveness of enterprises and the implementation of projects to supply the domestic market and increased Brazilian exports.
In all, 569 measurements ex-tariff list. In Resolution No. 48 of Camex, 551 are ex-tariff for capital goods, and 376 renewals and 175 new awards. Another 18 former tariffs for telecommunications and computer goods contained in Resolution No. 47 of Camex, seven renewals and 11 new concessions.
Of the total goods imported ex-tariff, the federal government estimates that the majority comes from Germany (25.4%), U.S. (24.1%), Italy (9.3%) and India (7 , 3%).
Global investments and for imports of these types of equipment linked to 569 ex-tariff is U.S. $ 5.8 billion and $ 1.4 billion respectively.
Source: Agency Brazil
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This article was translated by an automatic translation system, and was therefore not reviewed by people.