How to Export to Brazil - Sprint Lazio

Recommendations

Info

* NIC: Cargo Identification Number ** BL: Bill of Lading (Conhecimento de Embarque) CUSTOMS FLOW IN BRAZILIAN IMPORTS Brazil – Ministry of External Relations How to export to Brazil 41
Brazil – Ministry of External Relations III.1. Classification of goods Goods traded internationally by the country have been classified since 1996 in compliance with the Mercosur Common Nomenclature (NCM), which is also adopted by Argentina, Paraguay and Uruguay. The NCM classification codes comprise eight digits. This classification is based on the Harmonized System (HS). 3 The inclusion of two digits, following the six digits of the HS numerical code, aim at improving the details given on the goods and their respective classification and meeting the interests of all the Mercosur member countries. It is important that the importer classify the acquired goods correctly, so as to avoid being penalized by the customs authorities, as well as to benefit from the tariff advantages resulting from the bilateral and multilateral agreements that Brazil has signed, according to the rules of the international trade system. With a view to improving the classification of goods intended for export to Brazil, it is also advisable that the exporter inform the Brazilian client what classification he uses in his foreign businesses, since NCM/HS classification does not always coincide with the one used by the exporter in the last two numerical positions (eight digits). The advantages resulting from using the correct classification code, mainly, translate into an Import Tax reduction, or even into its exemption, depending on the trade agreements in force. In this respect, it is required that the exporter become well informed about the tax breaks his product will enjoy in the Brazilian market, so as to gain a competitive edge regarding competitors from other countries that might not benefit from trade agreements that Brazil has signed (see section III.7). This tax advantage will take place during the process of customs clearance (section III.5), when the importer must be in possession of the Certificate of Origin, which may be required by the customs authorities. The Certificate of Origin is issued by an authorized agency in the exporter’s country and presents the legal basis in the trade agreement being profited from in the operation. Not presenting the certificate of origin causes the loss of these advantages and implies payment by the importer of the Import Tax at normal rates. It is worth noting that the incorrect NCM/HS classification of goods results not only in the payment of the possible differences in import rates, but also in fines to be levied on the Brazilian importer, and whose value corresponds, at least, to 1% of the customs value, depending on the type of offense committed. Products imported by the country are taxed with the Import Tax (II), whose rates corresponding to each NCM vary according to the goods and can be found in the 3 The Harmonized Commodity Description and Coding System, or simply Harmonized System (HS), is an international nomenclature to classify traded goods, based on a structure of codes and respective descriptions for a series of internationally traded products. The system was created to promote the development of international trade, as well as to improve the collection, comparison and analysis of statistics, especially those pertaining to international trade. In addition, the HS facilitates international trade negotiations, the creation of freight tariffs and of statistics related to the different means of transportation of goods, and other information used by the different agents acting in international trade. The six-digit HS code composition allows product specificity to be addressed, including origin, contents and application, in a logical numerical order, which progresses in accordance with the level of sophistication of the product. 42 How to export to Brazil
Page 2 and 3: How to export to Brazil January, 20
Page 4 and 5: TABLE OF CONTENTS Brazil - Ministry
Page 6 and 7: Brazil - Ministry of External Relat
Page 8 and 9: INTRODUCTION Brazil - Ministry of E
Page 10: Brazil General information Brazil -
Page 41: Brazil - Ministry of External Relat
Page 84 and 85: IV.4.4. Opening a sales office in B
Page 88 and 89: IV.5.5. International insurance for
Page 92 and 93:
V. GENERAL ADVICE TO EXPORTERS Braz
Page 94 and 95:
Brazil - Ministry of External Relat
Page 96:
Page 99 and 100:
Annexes Brazil - Ministry of Extern
Page 101 and 102:
Page 103 and 104:
Page 105 and 106:
Page 107 and 108:
Page 109 and 110:
Page 111 and 112:
Page 113 and 114:
Page 115 and 116:
Page 117 and 118:
Page 119 and 120:
Page 121 and 122:
Page 123 and 124:
Page 125 and 126:
Page 127 and 128:
Page 129 and 130:
Page 131 and 132:
Page 133 and 134:
Page 135 and 136:
Page 137 and 138:
Page 139 and 140:
Page 141 and 142:
Page 143 and 144:
Page 145 and 146:
Page 147 and 148:
Page 149 and 150:
Page 151 and 152:
Page 153 and 154:
Page 155 and 156:
Page 157 and 158:
Page 159 and 160:
Page 161 and 162:
Page 163 and 164:
Page 166 and 167:
Page 168 and 169:
Page 170 and 171:
Page 172 and 173:
Page 174:
Page 177:
show all

How to Export to Brazil - Sprint Lazio

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?