According to recent information the Ex Tarifario to NCM 8462.10.90 –Ex 18, previously expected to be valid until 31st December 2013, will be repealed during September. This will have the effect of increasing the import tax on fastener machinery from 2% to around 14%.
The Ex Tarifario is a temporary regime reducing Brazilian import tax rates when there is no domestic production. Many machines essential to the production of fasteners were entitled to Ex Tarifario. However, a single company has asked the Brazilian government for its elimination because it claims it is able to produce any type of forming or thread rolling machines. (…)
