Brazil imposes 18.79% final countervailing duty on Indonesian stainless cold-rolled
Resolution No. 421 of December 1, 2022, of the Administrative Executive Committee of the Foreign Trade Commission of the Brazilian Ministry of Economy (GECEX), imposes final countervailing duties on AISI 304 standard and similar standard austenitic stainless steel flat-rolled products imported from Brazil for the longest period For five years, including its variants, such as 304L and 304H, cold rolled, having a thickness equal to or greater than 0.35 mm but less than 4.75 mm, originating in the Republic of Indonesia.
Sub-items 7219.32.00, 7219.33.00, 7219.34.00, 7219.35.00 and 7220.20.90 – NCM, which are generally classified under Mercosur’s common nomenclature – NCM, originating in the Republic of Indonesia, charged at an ad valorem rate fixed at The percentage applicable to the customs value of the product, on the basis of cost, insurance, and freight – CIF, determined in accordance with the law, in the following amounts:
| Origin | Manufacturer/Exporter | Ad Valorem Countervailing Duties, CIF Basis (%) |
|---|---|---|
Indonesian | All Company | 18.79 |