Glossary
The terms that drive an import.
Eight terms, one definition each. How each one affects your operation is explained on the linked service page.
- NCM
- Nomenclatura Comum do Mercosul (Mercosur Common Nomenclature): the eight-digit code that classifies goods and determines the taxes, licenses and controls that apply to an import.
- Administrative and Tax Advisory
- RADAR
- The company's authorization to use Siscomex (Brazil's foreign trade system), granted by Receita Federal, Brazil's tax and customs authority. Without it, a company cannot register imports in its own name.
- Administrative and Tax Advisory
- Incoterms
- International Chamber of Commerce rules that use three-letter codes to define where the seller's responsibility ends and the buyer's begins.
- International Operations
- Drawback
- A special customs regime that suspends taxes on imported inputs used to make goods for export, or grants a tax exemption on imports that replenish inputs already used in exported goods.
- Administrative and Tax Advisory
- LI
- Licença de Importação (import license): prior authorization required for certain products, issued by the relevant approving agency before shipment or customs clearance.
- International Operations
- DI/DUIMP
- Declaração de Importação (Import Declaration) and its successor, the DUIMP (Single Import Declaration): the filing that starts customs clearance and the payment of taxes.
- International Operations
- Entreposto Aduaneiro
- Bonded warehousing: a regime that allows imported goods to be stored with taxes suspended until they are cleared into Brazil or re-exported.
- Administrative and Tax Advisory
- Admissão Temporária
- Temporary admission: a regime for goods that enter the country for a fixed period — trade fairs, testing, projects — with taxes fully or proportionally suspended.
- Administrative and Tax Advisory
Related questions
What is Drawback, and can my company use it?
A special customs regime that suspends taxes on imported inputs used to make goods for export, or grants a tax exemption on imports that replenish inputs already used in exported goods. We assess it as part of Administrative and Tax Advisory, together with Entreposto Aduaneiro and Admissão Temporária.
Can I develop my own brand with Chinese suppliers?
Yes. Supplier search, brand development, production and import — with the supplier vetted by our people on the ground.
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