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Corn exports from Brazil rise 44% in the first week of December

Corn exports from Brazil rise 44% in the first week of December

Brazilian corn exports reached a daily average of 286.2 thousand tons in the first week of December, which represents a pace 44.3% higher than the average of 198.3 thousand tons per day recorded in the full month of last year, indicated data published today by the Secretariat of Foreign Trade (Secex).
In the last week, the country shipped 1.14 million tonnes of cereal, against 4.16 million tonnes in the entire month of December 2019, according to government figures.

Brazilian soy exports, in turn, remained well below the average of the last month of the previous year, after the huge shipments of 2020 were concentrated in previous months. According to Secex, an average of 30,100 tonnes of the oilseed were exported per day a week, compared to an average of 155.7 thousand tonnes per day in December last year.

Regarding the extractive industry, iron ore shipments reached a daily average of 1.6 million tons until the first week of the month, an increase of 35.7% compared to the average for December 2019.

Source: https://economia.uol.com.br/noticias/agencia-brasil/2020/12/07/exportacao-de-milho-do-brasil-sobe-44-na-primeira-semana-de-dezembro.htm

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Balance has a surplus of US $ 3.7 billion in November

Balance has a surplus of US $ 3.7 billion in November

The trade balance had a surplus of US$ 3.732 billion and current trade of US$ 31.33 billion in November, according to data released this Tuesday (01/12) by the Foreign Trade Secretariat (Secex) of the Ministry of Economy. In the month, exports totaled US$ 17.531 billion and imports, US$ 13.799 billion.

Total– In the year, exports totaled US$191.678 billion and imports, US$140.518 billion, with a positive balance of US$51.16 billion and current trade of US$332.195 billion. "What we observed in November is the result of what has been happening throughout the second half of the year, with recovery of imports and maintenance of exports", commented the Undersecretary of Intelligence and Foreign Trade Statistics at Secex, Herlon Brandão, at a press conference .

stable trajectory– Secex data show that exports have been maintaining a stable trajectory throughout the year, with some changes in the composition of the export basket, which influenced the first semester in a different way than it has been influencing now, in the second semester. According to Brandão, this has been helping to maintain the growth in exported volume, despite the drop in value. "We have growing volumes, and the price is what causes the drop in value, with a reduction of 3% in the month", he explained.

Imports– Despite a drop of 2.6% compared to the same period of the previous year, one of the highlights of November was the value of imports, of US$ 13.8 billion, with a daily average of around US$ 700 million. That daily average, at the height of the pandemic's impact in July, was less than $500 million.

international prices– The undersecretary recalled that, in July, the drop in imported value was around 35%, but now it is less than 3%, driven by the drop in international prices (-10.3%). “What calls our attention is this large increase in the quantum (volume) of imports, with an outstanding growth of 9.6%”, he pointed out. This growth is deconcentrated, encompassing several products, but mainly inputs for domestic production, including electronic inputs, in addition to fertilizers and fertilizers.

Trade balance– The trade balance increased 4.7% compared to November the previous year. The trade flow, in turn, expresses both the sustainability of exports and the trajectory of better performance of imports, with a drop of 1.8%.

Products and sectors– What pulled exports in November, in terms of values, was the extractive industry, with emphasis on iron ore and oil. The result of iron ore, for example, was driven by the increase of more than 40% in prices that month.

Farming– In the case of agriculture, with a 21.9% drop in exports, Herlon Brandão cites the off-season and considers it “natural to have less share of agricultural products at the end of the year”.

harvest– In addition, Brandão sees the influence of the shipping schedule for the harvest period, which changes from one year to another. Last year, the outflow of soybeans was later, with an increase in corn shipments at the end of the year. In 2020, however, there was a concentration of soybean sales in the first half, decreasing exports at the end of the year. The manufacturing industry, on the other hand, registered a drop of 2.9%, after two consecutive months of increase.

Ore– Despite the fact that the price of iron ore contributed to the increase in exported value, the increase in the volume of extractive industry (+23.4%) is much more prevalent in the month. The manufacturing industry also had a positive quantum (+3.8%). "This is also quite significant because, despite the price drop, it shows competitiveness in this sector, which makes the total positive (+2.8%)", observed the Undersecretary of Secex.

economic recovery– On the import side, products from the manufacturing industry represent 93% of the total and had a reduction of just 0.5% in November, driven by a 9.7% drop in prices. Imported volumes from the manufacturing industry, however, grew 10.8%. "We see this growth very in line with what was announced, of economic recovery, after the most acute phase of the pandemic is over," stated Brandão.

Daily average– He explained that, in the daily average, exports have been showing stability throughout the year, while in imports, the curve shows a movement of recovery as of July. “It is very likely that, next month, we will have a growth in the imported value. It will be the second of the year, as in February there was also an increase in imports and, probably, in December we will have another one”, he predicted.

YTD– These trajectories lead to the accumulated result for the year, a reduction of 6.1% in exports and 13.6% in imports until November, reinforcing Secex's estimates for the end of the year, presented in October. “We expect a trade balance of US$ 55 billion. We have $51 billion. The projected trade flow was for a drop of 9% and is with a 9.4% reduction”, he pointed out.

extractive industry– In the accumulated result for the year, the mining and quarrying industry still presents a small reduction (-2.1%) and the manufacturing industry has been suffering the biggest fall of the year (-12.4%). "These are the products most subject to a reduction in world demand", says Brandão. The agricultural sector continues to stand out, with a record of soy exports that contributed a lot to this segment. (Ministry of Economy)

See full trade balance data

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Dollar outflow exceeds entry by $ 19.364 billion in the year until the 23rd, says BC

Dollar outflow exceeds entry by $ 19.364 billion in the year until the 23rd, says BC

O fluxo cambial do ano até 23 de outubro ficou negativo em US$ 19,364 bilhões, informou nesta quarta-feira, 28, o Banco Central. Em igual período do ano passado, o resultado era negativo em US$ 19,743 bilhões. Os dados anuais refletem, em grande parte, os efeitos da pandemia do novo coronavírus sobre o fluxo de moeda estrangeira, em especial no mês de março.

A saída pelo canal financeiro neste ano até 23 de outubro foi de US$ 51,896 bilhões. O resultado é fruto de aportes no valor de US$ 380,086 bilhões e de envios no total de US$ 431,982 bilhões. O segmento reúne os investimentos estrangeiros diretos e em carteira, remessas de lucro e pagamento de juros, entre outras operações.

No comércio exterior, o saldo anual acumulado até 23 de outubro ficou positivo em US$ 32,531 bilhões, com importações de US$ 125,627 bilhões e exportações de US$ 158,158 bilhões. Nas exportações estão incluídos US$ 20,734 bilhões em Adiantamento de Contrato de Câmbio (ACC), US$ 55,758 bilhões em Pagamento Antecipado (PA) e US$ 81,667 bilhões em outras entradas.

Outubro

Depois de encerrar setembro com saídas líquidas de US$ 3,482 bilhões, o País registrou fluxo cambial positivo de US$ 667 milhões em outubro até o dia 23, informou o Banco Central.

O canal financeiro apresentou entradas líquidas de US$ 310 milhões no período. Isso é resultado de aportes no valor de US$ 24,110 bilhões e de retiradas no total de US$ 23,800 bilhões.

No comércio exterior, o saldo de outubro até o dia 23 é negativo em US$ 977 milhões, com importações de US$ 9,514 bilhões e exportações de US$ 8,538 bilhões. Nas exportações, estão incluídos US$ 843 milhões em ACC, US$ 2,500 bilhões em PA e US$ 5,194 bilhões em outras entradas.

Semana

O fluxo cambial registrado na semana passada (de 19 a 23 de outubro) para o Brasil ficou positivo em US$ 389 milhões, informou o Banco Central. O destaque foi o dia 21, quarta-feira, quando US$ 1,065 bilhão líquidos entraram no País.

O canal financeiro apresentou entrada líquida de US$ 1,472 bilhão na semana, resultado de aportes no valor de US$ 8,258 bilhões e de envios no total de US$ 6,785 bilhões.

No comércio exterior, o saldo na semana passada ficou negativo em US$ 1,084 bilhão, com importações de US$ 3,565 bilhões e exportações de US$ 2,482 bilhões. Nas exportações, estão incluídos US$ 304 milhões em ACC, US$ 567 milhões em PA e US$ 1,610 bilhão em outras entradas.

Fonte: https://www.istoedinheiro.com.br/saida-de-dolar-supera-entrada-em-us-19364-bi-no-ano-ate-dia-23-diz-bc/

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Brazil's surplus with China totals R $ US $ 28.8 billion from January to September, says FGV

Brazil's surplus with China totals R $ US $ 28.8 billion from January to September, says FGV

China was responsible for 68% of the Brazilian trade balance accumulated from January to September 2020. Brazil's surplus with China was US$ 28.8 billion in the period. The data are from the Foreign Trade Indicator (Icomex) released by the Getúlio Vargas Foundation (FGV).

The volume exported by Brazil grew 0.4% from January to September 2020, compared to the same period last year. The volume imported in the period dropped 8.1%. Compared to September 2019, exports dropped 4.0% in volume in September this year, while imports shrank 18.7%.

"The sharp devaluation of the real effective exchange rate helps to contain imports and makes the prices of Brazilian products in foreign trade cheaper," pointed out the FGV, in a note.

However, the strong devaluation of the Brazilian currency against the dollar also increases the costs of sectors that use imported inputs and components, such as the automotive and electronics segment.

“A agricultura é também onerada em termos de seus insumos; no entanto, o peso dos importados para este setor é menor e a demanda chinesa tem assegurado o crescimento das nossas exportações. Outra questão relevante é como os operadores de comércio exterior estão analisando a desvalorização. Comércio exterior exige um olhar que vai além do curto prazo. Nesse contexto, mesmo com a forte desvalorização do real, os exportadores e importadores tendem a ser mais cautelosos e podem estar adiando decisões, como, por exemplo, a substituição de fornecedores estrangeiros por domésticos”, completou a FGV.

Source: https://www.istoedinheiro.com.br/superavit-do-brasil-com-china-soma-r-us-288-bi-de-janeiro-a-setembro-16/

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Trade balance has a surplus

Setembro registra superávit recorde na balança comercial de US$ 6,1 bilhões

As exportações brasileiras no mês de setembro somaram US$ 18,4 bilhões e as importações US$ 12,2 bilhões, com saldo positivo de US$ 6,164 bilhões e corrente de comércio de US$ 30,7 bilhões. A cifra de pouco mais de US$ 6 bilhões é o maior saldo já alcançado pela balança comercial para meses de setembro na série histórica iniciada em 1997.

Saldo positivo– No ano, o saldo positivo é de US$ 42,4 bilhões, o que representa um aumento de 18,6% sobre o mesmo período de 2019. A corrente de comércio totalizou US$ 271,1 bilhões – em que US$ 156,7 bilhões são referentes a exportações e US$ 114,3 bilhões a importações. Os dados foram divulgados nesta quinta-feira (01/10) pela Secretaria de Comércio Exterior (Secex) do Ministério da Economia.

Volume embarcado– Destaca-se também o aumento de 2,5% do volume embarcado no ano. Foram contabilizados recordes para o período nos volumes exportados de soja (total de 79,6 milhões de toneladas no acumulado do ano), óleos brutos de petróleo (55,4 milhões de toneladas), farelos de soja (13,7 milhões de toneladas), celulose (12 milhões de toneladas), óleos combustíveis (11,8 milhões de toneladas), carne bovina (1,3 milhão de toneladas), algodão (1,2 milhão de toneladas) e carne suína (675 mil toneladas).

Análise do mês– Nas exportações, comparadas a média diária de setembro de 2020 (US$ 879 milhões) com a de setembro de 2019 (US$ 966,5 milhões), houve queda de -9,1%, em razão da diminuição das vendas com produtos da indústria de transformação (-18,7%). Por outro lado, houve aumento nas vendas em agropecuária (3,2%) e na indústria extrativa (9,2%). Embora a corrente de comércio tenha sido inferior à do ano passado, o superávit comercial observou expressivo aumento de 62,1% em relação a setembro de 2019, o que permitiu ao país atingir a cifra histórica de US$ 6,164 bilhões.

Values– Apesar do saldo em destaque, tanto os valores de exportação quanto de importação sofreram queda se comparados ao mesmo período de 2019. De acordo com o subsecretário de Inteligência e Estatísticas de Comércio Exterior da Secex, Herlon Brandão, o tamanho da redução da corrente de comércio do mês foi influenciado por uma base de comparação alta, com a exportação e importação de plataforma de petróleo em setembro do ano passado. “Não fosse a plataforma, a exportação de setembro teria apresentado retração de apenas 1,8% e a importação, de 17,8%”, explicou.

Superávit histórico– No que diz respeito ao superávit histórico, uma das razões apontadas por Brandão são os volumes exportados de produtos da indústria extrativa e agropecuária. “Temos observado repetidos recordes de volumes exportados de vários produtos desses setores. O principal destaque é o minério de ferro. Em setembro, exportamos 37,9 milhões de toneladas. É um recorde não só para setembro, como para qualquer mês do ano.” O subsecretário destacou também a ocorrência de volumes recordes no mês de setembro para produtos como açúcar e melaço (3,6 milhões de toneladas), café não torrado (221 mil toneladas) e carne suína (76 mil toneladas).

Expectativa para 2020 – terceira previsão– Brandão apresentou também mudanças positivas na estimativa na balança comercial para o ano de 2020, com aumento na corrente de comércio em relação à previsão anterior. “O que observamos é um aumento dos preços dos bens exportados, sendo produto de destaque o minério de ferro, que teve aumento de 25%. Pelo lado da importação, observa-se uma retomada da economia interna e uma melhora do consumo nacional”, afirmou.

Melhora do desempenho – O resultado da terceira previsão para o comércio brasileiro em 2020 é reflexo da melhora do desempenho dos últimos meses. Para 2020, a nova expectativa é de queda de 9,0% da corrente de comércio, redução inferior à de 13,2% da previsão anterior. De acordo com Brandão, “a exportação brasileira deve retrair 6,5% em valor, para um total de US$ 210,7 bilhões. Já a importação brasileira deverá diminuir 12,2%, para um total de US$ 155,7 bilhões. Com isso, o saldo comercial deverá ser de US$ 55 bilhões, valor próximo ao da segunda previsão, porém com uma corrente de comércio maior”, explicou. (Ministry of Economy)

Acesse os dados completos da balança comercial brasileira em setembro

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Sanctioned law extending drawback deadlines by one year

Sanctioned law extending drawback deadlines by one year

Result of the conversion of MP 960, adopted to reduce pandemic impacts, legislation applies to the suspension and exemption regimes.

Law no. 14.060 was sanctioned on Friday, which extends the terms of the suspension and exemption drawback regimes for one year, informed the Ministry of Economy. The law is the result of the conversion of Provisional Measure (MP) 960, of May 4, adopted to reduce the impacts of covid-19 on the Brazilian economy.

Drawback regimes seek to make Brazilian products more competitive by relieving taxes on imports and local purchases of inputs for the production of goods destined for the foreign market.

Last year, US $ 49.1 billion were exported using drawback, according to data from the Foreign Trade Secretariat (Secex). The value represents 21.8% of Brazil's total foreign sales in the period.
According to the Ministry of Economy, the original text of MP 960 extended the deadlines only for the suspension drawback. However, the law extended the benefit to the exemption regime.
As a result, companies gained more time to carry out imports authorized under this regime and which have a deadline to be completed. It was estimated that, in a scenario of declining activity and lower revenues, the purchase of inputs in the authorized quantities could cause cash difficulties for exporters.
In the exemption drawback, the company exports and, with that, gains the right to purchase inputs without taxes to eventually use in a future export.
According to data from Secex, there are 325 concessionary drawback exemption acts due this year and authorized input replacements in the order of US $ 942.3 million. Of these, US $ 424.9 million, or about 45% of the total, refer to operations that, with the new law, may be concluded in 2021.

Por Lu Aiko Otta, Valor

Source: https://valor.globo.com/brasil/noticia/2020/09/25/sancionada-lei-que-prorroga-prazos-do-drawback-por-um-ano.ghtml

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Chinese industry becomes synonymous with safety and excellence for the production of Brazilian companies

Chinese industry becomes synonymous with safety and excellence for the production of Brazilian companies

CuritibaBrazil exported US $ 47.3 billion to China between January and August 2020 - in the same period, imports from the Asian country were US $ 21.7 billion. Figures that make China the main trading partner of Brazil. Historically, Brazil exports agricultural products and imports parts to be assembled in Brazilian factories or various manufactured products.

The use of excellent Chinese production is a way found for decades by Brazilian companies to offer products with extremely high quality indexes and competitive prices.

For many years, the import of raw materials and products from China was interpreted as synonymous with cheap, low-quality products. But this is not the current reality. The world's leading companies, including brands with products for the most luxurious market, such as Apple, use Chinese factories due to the country's production and labor costs, which make the process cheaper than in other places.

Leader of the motorcycle parts market in Latin America, Paraná Laquila has been operating for more than three decades in partnership with Chinese factories. Initially, some of the company's products suffered with certain distrust and prejudice from the market, but state-of-the-art procedures established quality control processes in favor of the safety of products developed and sold by its 25 own brands, among them GP7, KMP and WW3, and 16 representations.

“In the past, it was thought that the bad quality was from China, while the good one came from Taiwan. All the good technology from Taiwan is in China now. We have suppliers who were from Taiwan and migrated to China, because the economic environment is cheaper ”, comments Laquila's Commercial Support manager, Iael Trosman.

“This is a movement that has been going on for 30 years, with a view to gaining a competitive advantage within the market. And, in the end, it ends up being good for everyone ”, complements.

For Iael, the expertise in the market added to the knowledge of partners from the eastern country (both the factories themselves and companies that monitor the processes) guarantee the total quality of the imported products.

“In our experience, the contracts with these suppliers are well tied, ensuring that the delivery is within the quality parameters that we have established, always thinking about the safety and reliability of the products”, he says. Iael reports that the company conducts annual inspections and visits without prior scheduling to carry out the verification and selection of partner factories.

“At meetings, we follow the manufacturing process as a whole, which says a lot about each supplier's products. It is possible to find different levels of quality in China, so we need to know the local factories and their internal quality control well to choose the right partners and guarantee the required parameters ”, completa Iael.

(*) With information from Laquila

Source: https://www.comexdobrasil.com/industria-chinesa-vira-sinonimo-de-seguranca-e-excelencia-para-a-producao-de-empresas-brasileiras/

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Foreign Trade Chamber included vaccines against Covid-19 and manufacturing inputs in the list of products with zero tariffs.

Government decides to zero import tariff for inputs and vaccines against Covid-19

The Chamber of Foreign Trade also extended, until the end of October, zero tariffs for the import of 562 items. Vaccines are still being studied in the world; government predicts distribution in 2021.

The Foreign Trade Chamber (Camex) of the Ministry of Economy decided on this Thursday (17th) to include vaccines against Covid-19 and the inputs for manufacturing vaccines in the list of products with zero import tariffs.

The decision was published in the “Diário Oficial da União” and is valid until the end of October, but can be renewed.

Vaccines against the new coronavirus are still being studied in several countries around the world, including England, China, United States, Russia e Brazil (click on the country name to find out more details about the studies).

According to the director of the Butantan Institute, Dimas Covas, the institute will receive this year 15 million doses of the vaccine Chinese CoronaVac.

The release for use of the vaccine in the population, however, will depend on the result of clinical tests and the approval of the National Health Surveillance Agency (Anvisa).

In the case of the vaccine developed by the University of Oxfordin the United Kingdom, the Ministry of Health predicts that distribution will take place in January 2021.

Coronavirus products

In addition to including vaccines against Covid-19 in the list of products with zero tariffs, Camex also decided to extend, from the end of September to the end of October, the import tax zeroed for 562 products used to prevent and combat the coronavirus .

According to the Ministry of Economy, the list includes medicines and medical and hospital products as well as inputs, as well as components and accessories used in the manufacture and operation of items used during the pandemic of the new coronavirus.

“The objective of the measure is to increase the supply of goods destined to fight the pandemic, in addition to machines and inputs used in the national manufacture of these products. In this way, the government is increasing availability and decreasing costs for the Brazilian health system ”, added the government.

Source: https://g1.globo.com/economia/noticia/2020/09/17/coronavirus-governo-decide-zerar-tarifa-de-importacao-para-insumos-e-vacinas.ghtml

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Government studying withdrawing import tariffs on rice, soy and corn

Government studying withdrawing import tariffs on rice, soy and corn

The Ministry of Agriculture stated that it is considering the possibility of requesting the temporary inclusion of rice, corn and soy in the list of exceptions to the Common External Tariff (LETEC). The objective is to balance the domestic market and curb the increase in prices for basic food basket products.

The measure is under discussion at the Ministry of Agriculture and should be taken to the Foreign Trade Chamber (Camex), structured by the portfolio and by ministries such as Economy and Foreign Affairs.

The proposal has not yet been formalized and requires a prior request from the private sector. In the case of rice, this request has already been made. It is noteworthy that the import rate for countries outside Mercosur is 12% for rice and 8% for soybeans and corn.

Once approved, the request will be adopted on a preventive basis. According to the folder, in September the media should enter the agenda of the Executive Management Committee (GECEX), Camex's executive collegiate nucleus.

Source: https://sagresonline.com.br/governo-estuda-retirar-tarifas-de-importacao-de-arroz-soja-e-milho/

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Get to know the Drawback regime and improve your company's export conditions

The regime drawback it is still little known compared to the great opportunity it offers.

Manufacturers that produce or sell products nationally can enjoy an excellent advantage in the international market.

Drawback is a tax incentive that aims to increase competitiveness in foreign trade and also offer better conditions for exporting companies.

With this, it balances the trade balance, which brings a great benefit to the country as a whole.


What is Drawback?

Drawback is nothing more than a special export regime that can refund, exempt or suspend taxes paid on the import of raw materials or components that will be used in products that will be exported later.

This regime has a series of advantages that benefit not only entrepreneurs who take advantage of this incentive, but the entire foreign trade relationship. This happens to favor the country's trade balance, also creating a competitive advantage for Brazilian products abroad.

Therefore, reducing manufacturing costs is an excellent way to stimulate the growth of the sector.


Export scenario

In a recent survey conducted in Rio de Janeiro, it reflected a scenario that is still timid in view of the opportunities that exist in the sector.

According to Firjan, creator of the diagnosis of foreign trade in the state of Rio de Janeiro, the perception of difficulties in exports increased again (76%): in 2013, 71% of the companies signaled encountering obstacles, a percentage that had reduced over the years. the latest editions.

Among the companies that identify difficulties, the tax bureaucracy was for the first time the obstacle with the greatest impact on Rio de Janeiro exports (47%), which was also pointed out as the main obstacle to be fought by
government.

Frequency of Exports (%)

Main Barriers to Exports (%)

Another detail mentioned in the diagnosis was the difficulty of exporting to some countries.

The most cited countries were the United States and Argentina, which are also two of the largest partners in Rio's exports, with positions having just reversed between 1st and 2nd place. Mexico is in third place, cited by 7% of respondents.

Among the ten countries with the most difficulty in the export process, six are from Latin America, countries that have trade agreements with Brazil to facilitate trade.

Highlight for Bolivia, which in 2017 had 2% of citations and this year obtained 6%.

Countries with the Most Difficulties in the Export Process (%)

Source: Firjan


Which products fall into the drawback?

Every product, raw material or input, to be included in the regimedrawback, must necessarily pass through theindustrialization.

Therefore, it needs to be framed in one of the 4 acceptable forms, which are:

  • Turned;
  • Recondicioned;
  • Mounted;
  • Renovated.

If it fits in one of these, it is mandatory that there is a proof that the industrialized products were, in fact, exported.


After all, what are the benefits of Drawback?

This regime encourages exports by suspending, refunding or eliminating (we will talk about the types of regime below) some taxes that are normally required for imported products. Among the main contributions, we can highlight:

  • Import Tax (II);
  • Tax on Circulation of Goods and Services (ICMS);
  • Industrialized Products Tax (IPI);
  • Additional on Freight for Renewal of the Merchant Navy (AFRMM);
  • Social Integration Program / Contribution for Social Security Financing (PIS / COFINS);
  • other fees related to the provision of services.
  • Because of this, it is so advantageous and opportune to take advantage of the incentive that many companies that fall into this modality still do not enjoy it.

Drawback: types of regime

existthreemodalities of the regime:

Suspension:suspension of taxes on inputs that will be used in the manufacture of products for export;

Exemption:it takes place by replenishing the stock of imported inputs for the manufacture of products that have already been exported;

Restitution:total or partial refund of taxes on the import of inputs used in the manufacture of products that were exported.
For export success, another point of attention must be taken into account: quality certifications. For entry of foreign products in some countries, this factor is essential for the success of exports.

According to therecipe, the refund drawback is practically no longer used. The export incentive instrument under examination basically comprises the modalities ofexemptionesuspension.

DECEX Communiqué No. 21/97, as amended by DECEX Communiqué No. 2 (from the current Foreign Trade Secretariat - SECEX), extends the benefit to some special operations. Thus, the modalitysuspensionis applied to the following operations:

Generic Drawback

Characterized by the generic breakdown of the goods to be imported and their respective value;

Drawback Without Exchange Coverage

When there is no foreign exchange coverage, partial or total, on import;

Solidarity Drawback

When there is a solidary participation of two or more companies;

Drawback for Supply in the Domestic Market

It deals with the import of raw material, intermediate product and component intended for the industrialization of machinery and equipment in the country, to be supplied in the domestic market, due to international bidding - sale equivalent to export (Law No. 8,402, of 08/01/92 ).

Source: https://www.jornalcontabil.com.br/conheca-o-regime-drawback/

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