On April 25, 2013, the State of Espírito Santo approved Decree n. 3,290-R, which provides for the deferral of the ICMS imposed on the import of products to the moment they are sold.
The beneficiaries of this deferral are only the companies that have been beneficiaries of FUNDAP for more than 5 years by the execution of an Agreement with the State. Furthermore, the company must use ports or airports in the State.
Some products are not included in the tax benefit, such as iron ore, coffee, wheat flour, marble, granite, cement, gasoline, vegetable coal, wood and goods that are used or consumed in a manufacturing process.
(State Decree n. 3,290-R, 04.25.2013, Official Gazette/ES, 04.26.2013).