How to Export to Brazil - Sprint Lazio

Brazil – Ministry of External Relations Annexes
ANNEX IV. GLOSSARY
BL (Bill of lading): document from the transporter that acknowledges the receipt of
cargo.
Border post: control point on the land border between two countries.
Calculation basis: total amount considered for the calculation of tax due.
Certificate of Origin: document declaring that goods in a particular international
shipment are of a certain procedence.
Commercial invoice: document required for import dispatch.
Confiscation: legal procedure applicable when cargo is either abandonned or in
violation of the law.
Currency exchange contract: bank document used in Brazil to define the counter
value in reais of a sum to be received in foreign currency.
Customs duties: taxes levied on imported goods.
Customs regulations: set of norms adopted by the Internal Revenue Service to
control exports and imports.
Customs warehouse: customs facility under the supervision of customs authorities,
located in the secondary zone.
CV: Customs Value.
DI: Import Declaration.
Economic complementation agreement (ACE): agreement between the member
countries of the Latin American Integration Association (ALADI), which includes goods
from a given industrial sector. Such agreements aim at integrating industrial processes
through tariff breaks in reciprocal trade.
Ex-Tariff: regime that grants reductions in import taxes.
Free warehouse: customs facility for the storage of goods in transit to and fro
neighboring countries, such as Paraguay and Bolivia.
Generalized System of Preferences (GSP): mechanism agreed on at the WTO
according to which developed countries allow certain manufactured and semimanufactured
imports from developing countries enter at lower tariffs than the same
products from developed countries.
ICMS: Tax on the Distribution of Goods and Services.
II: Import Tax.
Import License: document authorizing the purchase of foreign goods.
Import without currency exchange coverage: import operations in which remittance
of currency to the exporter is not required.
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