São Paulo – Brazil’s Foreign Trade Chamber (Camex, in the Portuguese acronym), the federal government’s policy-making arm, has cut import taxes on four industry inputs to prevent a shortage. The ruling was published this Thursday (21st) on the Federal Gazette.
The tax on acrylic fiber (NCM 5503.30.00) will go from 16% to 2%, effective for 12 months as of July 26th, up to a maximum quota of 3,744 tons. The tax on acrylics and modacrylics (NCM 5501.30.00) will also drop from 16% to 2%, but the maximum quota is 7,920 tons. These products are used in the making of textiles.
The tax on discharge tubes used in lamp manufacturing (NCM 8539.39.00) will be cut from 18% to 2% beginning on July 23rd, also for 12 months, up to 23,918,190 units.
The tax levied on dinitro-ortho-cresol (NCM 2904.90.14), a raw material for herbicide manufacturing, will be slashed from 14% to 2% for 24 months, up to a maximum quota of 4,404 tons.
*Translated by Gabriel Pomerancblum
