RIO DE JANEIRO, BRAZIL - The GECEX (Management Executive Committee) of the CAMEX (Foreign Trade Chamber) decided to zero the tax rate on imports of hulled and processed rice until December 31st of this year.
The temporary reduction is restricted to a quota of 400,000 tons, levied on products covered by codes 1006.10.92 (non-parboiled hulled rice) and 1006.30.21 (semi-milled or milled rice, non-parboiled) of the NCM (Mercosur Common Nomenclature).
The decision was taken on Wednesday, September 9th, during the 8th Extraordinary Meeting of the GECEX, as proposed by the Ministry of Agriculture, Livestock . . .