São Paulo – The Import Duties on six products have been temporarily reduced by a resolution published this Thursday (1st) on Brazil’s Federal Official Gazette. They are: hazelnut without peel, partially oriented yarn (POY), black and other types of inks used in digital stamping in fabrics or knits, cauterized aluminum sheet and polyvinyl butyral films (PVB). The measure was approved by the Foreign Trade Chamber (Camex) since there is a shortage in the domestic market.
Peeled hazelnut will have its tariff going from 6% to 2% beginning on October 6th, during 18 months, for a quota of 7,500 tons. The item is used in the confectionery sector. Partially oriented yarn (POY), an input for textile polyester yarn manufacturing, will have its 18% tariff reduced to 2% beginning October 9th, for 12 months to a quota of 120,600 tons. Black and other inks had their tariff reduced to 2% from 14%. Concerning black inks, the measure is valid for 396 tons, while for the other inks, the quota is set at 924 tons. It’s valid for 12 months.
In turn, the tariff on cauterized aluminum sheet, used in the production of aluminum electrolytic capacitors, had a reduction from 12% to 2%, up to a quota of 3 million cubic meters, for the period of 12 months. Polyvinyl butyral films (PVB), used in the manufacturing of laminated glasses, will have its tariff reduced from 16% to 2%, beginning February 27nd, 2016, for six months, for a quota of 5,692,698 kilograms.
*Translated by Sérgio Kakitani
