Brazil Announces More Improvements for New Import Process
Brazil recently announced improvements to its “revamped” import process introduced in 2018, which will allow certain traders to take advantage of the country’s “new import functionalities,” the Hong Kong Trade Development Council reported Aug. 12. The improvements will allow traders…
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that are not part of Brazil’s authorized economic operator program to participate, expanding the scope of the new import process to cover about 30% of Brazilian imports, the report said. Under the program, traders with a “large number” of imports can “register, correct and consult single import declarations” and can benefit from improvements to bonded area procedures and “various administrative work processes.” The HKTDC also said excess tax payments will be refunded automatically and cargo delivered to importers, without the need for a paper receipt, if they stem from the “rectification or cancellation of import declarations.”