São Paulo – The Foreign Trade Board (Camex), a Brazilian government organisation, announced on Tuesday (30) the reduction of import tax on three Brazilian products aimed at controlling shortage of the product on the domestic market.
The decision includes the import of coated paper used to produce bottle labels, forged flanges (for pipe connection) for use in fuel refineries; and thick carbon steel plates for oil well piping.
In the first two cases, the tax will be reduced from 14% to 2% for six months, to be levied on up to 2,500 tonnes of paper and 90 tonnes of flanges. In the latter case, the reduction announced is from 12% to 2% up to December 31st this year, on up to 4,000 tonnes.
*Translated by Mark Ament
PUBLICIDADE
