About FUNDAP

abr
2013
30

posted by | Comentários desativados

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The FUNDAP is totally coordinated by BANDES – Espírito Santo Bank Development and, on its concept, the state is in charge to promote the economic development and define polices focus on minimize regional and social differences. Companies that participate in FUNDAP program are called “Fundapianas” and, additionally, they operate exclusively on import and export process as a Trading Company, in the state of Espírito Santo (southeast). All companies in other States or branches placed in State of Espirito Santo are able to take advantages of FUNDAP program, being a MARNEW customer. Following the procedures below, we initiate processes of “to order” import, in two categories:

Import process “to order” (for companies that have a branch in Espirito Santo):

- Customer: Negotiates prices, delivery terms, quantities and further conditions with the exporter. Moreover, the commercial invoice must be paid by the customer.
-  Marnew: Will provide all necessary information for customs clearance and conclude “goods nationalization”, what means, shipping documents must mention MARNEW as the importer and all duties and charges will be paid in behalf of MARNEW.

Import process “to order” (for companies that don’t have a branch in Espírito Santo):

-  Customer: Negotiates prices, delivery terms, quantities and further conditions with the exporter.
-  Marnew: In this process, the commercial invoice must be paid by MARNEW. Furthermore, MARNEW will provide all necessary information for customs clearance and conclude “goods nationalization”, what means, shipping documents must mention MARNEW as the importer and buyer (ship to and invoice to). All duties and charges will be paid in behalf of MARNEW.

Advantages of FUNDAP

-   The ICMS will be paid in a taxation of 12%;
-  IPI is not part of ICMS calculus basis, reducing the amount of ICMS to be paid.