Question 1

What is the import duty rate for Jewellery & Precious Metals in Brazil?

Accepted Answer

The MFN (Most Favoured Nation) import duty rate for Jewellery & Precious Metals (HS 7113 / 7114) in Brazil is 18% on the CIF value. II 18% on gold and silver jewellery.

Question 2

Is ICMS/IPI charged on Jewellery & Precious Metals imports to Brazil?

Accepted Answer

Yes. Brazil charges ICMS/IPI at 18% on the CIF value plus any import duty. This applies to virtually all commercial imports.

Question 3

Are there FTA rates available for Jewellery & Precious Metals in Brazil?

Accepted Answer

Brazil has free trade agreements with MERCOSUR (Argentina, Paraguay, Uruguay), MERCOSUR–Egypt, MERCOSUR–Israel. Check whether your origin country qualifies for a preferential rate on HS 7113 / 7114.

Question 4

How is import duty calculated for Jewellery & Precious Metals entering Brazil?

Accepted Answer

Duty is calculated on the CIF value of the goods. CIF value includes the product cost, international freight, and insurance. The MFN duty of 18% is applied to this value. ICMS/IPI (18%) is then applied on the CIF value plus duty.

Brazil Import Duty Rate for Jewellery & Precious Metals

How duty is calculated

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Jewellery & Precious Metals duty rates in other markets