Special Customs Regime definition

Special Customs Regime means any special customs regime in force in accordance with the laws of Brazil, such as (i) REPETRO, currently regulated by Articles 458 to 462 of Decree 6,759 of February 02, 2009, and by Administrative Ordinance 844 dated as of May 09, 2008, as amended from time to time; (ii) Admissão Temporária, currently regulated by Administrative Ordinance 1,361 dated as of May 21, 2013, , as amended from time to time, or any other special customs regime that may be created or that may replace the existing regimes; and
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Special Customs Regime means, strictly for the purpose of this Charter and the Operation and Services Agreement, a special customs regime that imposes a differentiated regime for temporary admission of goods into Brazil, that may be used to alleviate or reduce the tax burden on the import of goods destined for the storage, regasification, transfer or transport of liquefied natural gas and natural gas.
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Examples of Special Customs Regime in a sentence

  • For example, the compound tariff does not apply to goods entering certain regions designated by Colombia as Special Customs Regime Zones.

  • With respect to the Special Customs Regime Zones, Colombia has stated that imports into these zones are exclusively for local use in border areas where there are conditions of extreme poverty.584 This, however, does not rule out the possibility of imports into Special Customs Regime Zones being used for money laundering in accordance with the methodologies described by Colombia.

  • On the other hand, apart from pointing out that imports into Special Customs Regime Zones are exclusively for local consumption, Colombia has not indicated what measures it is taking to deal with the risk of money laundering in connection with these imports.585 7.379.

  • The Special Customs Regime Programme (maquila) consists of exemption from income tax (ISR) on income earned from exporting goods that have been processed or assembled in Guatemala and exported under special customs regimes.

  • Regarding the Repetro-Sped, this regime provides for the continuation of total tax relief over goods imported with temporary permanence in Brazil, as previously governed by the former Repetro (Special Customs Regime for the Export and Import of Goods designated to Exploration and Production of Oil and Natural Gas Reserves), and adds this relief to goods permanently held in Brazil.

  • The Panel noted, first, that imports into Special Customs Regime Zones could be used for money laundering, and that Colombia had not indicated what measures it is taking to deal with the risk of money laundering in connection with these imports.

  • Special Customs Regime for ManufacturersAn important example of how the tariff schedule can be used to tilt the playing field is the special customs regime for manufacturers (indústria transformadora) established in Ministerial Diploma No. 99/2003.

  • After several discussions in the Brazilian Congress, the benefits arising from the Special Customs Regime have been extended until 2040.

  • The relevant exemptions are those for imports into Colombia's Special Customs Regime Zones, and under the Plan Vallejo.

  • According to the INESC adviser, there is no transparency regarding the in- vestments, since these are not registered as official tax expen- ditures by the federal revenue as the Repetro (Special Customs Regime), (Radio Brasil Atual, 2018).According to the World Resources Institute - WRI Brasil Report (Lucon, Romeiro and Fransen, 2015), the 62% of the invest- ments in the Brazilian energy sector from 2014 to 2023 will be directed at fossil fuels, against 23% for renewables, as present- ed in figure 5.

Related to Special Customs Regime

  • customs territory of the Union means the territory as defined in Article 3 of Council Regulation (EEC) No 2913/92 of 12 October 1992 establishing the Community Customs Code (2) and in Commission Regulation (EEC) No 2454/93 of 2 July 1993 laying down provisions for the implementation of Regulation (EEC) No 2913/92 (3);

  • customs airport means any airport declared under section 9 to be a customs- airport;

  • customs control ’ means control in terms of this Act;

  • Customs Administration means the competent authority that is responsible under the law of a Party for the administration of customs laws and regulations;

  • customs territory means the territory of the country of each Contracting Party in which the Customs laws of that country are in force;

  • Customs territory of the United States means the 50 States, the District of Columbia, and Puerto Rico.

  • customs authorities means customs authorities as defined in Article 5, point (1), of Regulation (EU) No 952/2013;

  • Pensions Regulator means the body corporate called the Pensions Regulator established under Part I of the Pensions Xxx 0000.

  • Standard Letter of Credit Practice means, for Issuing Bank, any domestic or foreign law or letter of credit practices applicable in the city in which Issuing Bank issued the applicable Letter of Credit or, for its branch or correspondent, such laws and practices applicable in the city in which it has advised, confirmed or negotiated such Letter of Credit, as the case may be, in each case, (a) which letter of credit practices are of banks that regularly issue letters of credit in the particular city, and (b) which laws or letter of credit practices are required or permitted under ISP or UCP, as chosen in the applicable Letter of Credit.

  • Lloyd’s means the Society incorporated by Lloyd’s Xxx 0000 by the name of Lloyd’s.

  • Customs Broker/Carrier Agreement means an agreement in form and substance satisfactory to the Agent among a Loan Party, a customs broker, freight forwarder, consolidator, or carrier, and the Agent, in which the customs broker, freight forwarder, consolidator, or carrier acknowledges that it has control over and holds the documents evidencing ownership of the subject Inventory for the benefit of the Agent and agrees, upon notice from the Agent, to hold and dispose of the subject Inventory solely as directed by the Agent.

  • customs duty means any customs or import duty and a charge of any kind, imposed in connection with the importation of a good, but does not include any:

  • Customs authority means the authority that is responsible under the law of a Party for the administration and enforcement of customs laws and regulations; Customs duty includes any duty or charge of any kind imposed in connection with the importation of goods, but does not include any:

  • Union harmonisation legislation means any Union legislation harmonising the conditions for the marketing of products;

  • Customs Act means the Customs Act 1901 (as amended), and any succeeding Legislation and any regulations made pursuant to the Customs Act;

  • Financial Letter of Credit means any Letter of Credit other than a Performance Letter of Credit.

  • Customs declaration means the act whereby a person indicates in the prescribed form and manner a wish to place goods under a given customs procedure.

  • Applicable Insurance Regulatory Authority means the insurance department or similar insurance regulatory or administrative authority or agency of the jurisdiction in which the Company is domiciled.

  • Canadian Securities Regulators means the applicable securities commission or securities regulatory authority in each of the Qualifying Jurisdictions;

  • Uniform Customs the Uniform Customs and Practice for Documentary Credits (1993 Revision), International Chamber of Commerce Publication No. 500, as the same may be amended from time to time.

  • Canadian Securities Regulatory Authorities means, collectively, the securities regulatory authority in each of the provinces and territories of Canada;

  • customs value means the value as determined in accordance with the 1994 Agreement on implementation of Article VII of the General Agreement on Tariffs and Trade (WTO Agreement on customs valuation);

  • customs area means the area of a customs station and includes any area in which imported goods or export goods are ordinarily kept before clearance by customs authorities;

  • Customs Valuation Agreement means the Agreement on Implementation of Article VII of the General Agreement on Tariffs and Trade 1994 contained in Annex 1A of the WTO Agreement;

  • customs law means all the statutory provisions applied by the customs administration on the importation, exportation, transit or movement of goods whether or not they involve the collection of duties or taxes (or security thereof), on the enforcement of prohibitions, restrictions or control or exchange control regulations or on any other customs regime;

  • Trade Letter of Credit shall have the meaning provided in Section 2.01(a).