Gabriela de Ávila Machado
Lawyer at Marcos Martins Advogados
On November 10, 2020, the Federal Revenue Service published Normative Instruction 1,989, aimed at simplifying procedures related to special customs regimes for temporary admission and export.
According to the IRS, the changes to SRF Normative Instruction No. 611/2006, which are considered good improvements to procedures, could impact a total of around 10,000 declarations registered under the temporary admission regime and around 14,000 declarations registered under the temporary export regime, and it is estimated that the average release time of 10 days could be reduced to less than one day.
The Normative Instruction was born from the concept that “the clearance of goods subject to special customs regimes or applied in special areas would be no different from any other type of clearance. From this point of view, there would be no need to invest more resources in their control or monitoring.
