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Decree No. 8,257/2014 and Normative Instruction No. 1,471/2014




by:
Carolina M. Bottino
Tauil & Chequer Advogados in association with Mayer Brown LLP - Rio de Janeiro Office

Roberta P. Caneca
Tauil & Chequer Advogados in association with Mayer Brown LLP - São Paulo Office

Marina Cyrino
Ivan Tauil
Tauil & Chequer Advogados in association with Mayer Brown LLP - Rio de Janeiro Office

 
June 11, 2014

Previously published on June 5, 2014

On 05/29/2014, Decree No. 8.257/2014 was enacted. The Decree provides the rules for the application of Law No. 10.893/2004 with respect to the Freight Surcharge for Merchant Marine Renewal (AFRMM) and the Merchant Marine Fund (FMM).

Article 12 of Decree No. 8.257/2014, on the same topic as Law No. 10.893/2004, provides for the suspension of AFRMM in connection with those imports under special customs regimes. The AFRMM will only be due when (and if) the imported item is subject to customs clearance for consumption.

On 05.30.2014, Normative Instruction No. 1,471 was enacted. It provides for the AFRMM control, collection and inspection procedures, including the time limits for providing information to the tax authorities, alteration of the information provided, and refund procedures.



 

The views expressed in this document are solely the views of the author and not Martindale-Hubbell. This document is intended for informational purposes only and is not legal advice or a substitute for consultation with a licensed legal professional in a particular case or circumstance.
 

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Author
 
Carolina M. Bottino
Roberta P. Caneca
Marina Cyrino
Ivan Tauil
 
Tauil & Chequer Advogados in association with Mayer Brown LLP Overview