As the new sugarcane harvest begins, and with it the capacity to serve the internal public with the consumption of ethanol, the original taxation imposed on fuel imported into Brazil has been resumed since the 1st. Its’ cause being that the Foreign Trade Chamber (Camex) decided not to renew the extension of the import tax exemption. “This exemption, done in an unprepared way, harmed the national ethanol industry, which is responsible for generating jobs, opportunities and clean energy and should be valued”, argued the Minister of Agriculture and Livestock, Carlos Fávaro. Without the exemption, the import tariff for ethanol becomes 16%, according to Gecex Resolution No. 353, from May 23, 2022, until December 31, 2023. After that date, the rate increases to 18%. an economic impact for the final consumer.
Sources: Ports Newsletter/Datamar News