Brazil: Certain brakes removed from the list of auto parts not domestically produced for the import duties exemption mechanism (June 2023)

Announcement

19 Jun 2023

In June 2023, the Brazilian government removed certain brakes from the list of products listed in the not-locally produced auto-parts scheme under GECEX Resolution No. 285 of December 2021 (see related state act). As a consequence, the import duty set on this product was increased.

Source

Number of interventions

1 certainly harmful

0 likely harmful

1 liberalising

List of interventions

2 in force

Implementation date

27 Jun 2023

Revocation date:

No revocation date

Import tariff In force

On 19 June 2023, the Executive Committee of the Brazilian Foreign Trade Chamber (GECEX) issued Resolution No. 495 removing certain brakes classified under NCM 8708.30.90 from the list of auto parts no...

Implementation date

27 Jun 2023

Revocation date:

No revocation date

Tax or social insurance relief In force

On 19 June 2023, the Executive Committee of the Brazilian Foreign Trade Chamber (GECEX) issued Resolution No. 495 removing one product from the list of auto parts not locally manufactured under GECEX ...

Related State Acts

21 Dec 2021

Brazil: New list of auto parts not locally-produced eligible from 2022 for the import duties exemptions mechanism

15 Dec 2023

Brazil: Revocation of the import duties exemption mechanism for auto part products and changes to the list of the import duties reduction mechanism

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