... in the Northern border region. The VAT for the remainder of the country is 15 percent. The VAT is assessed on the sum of the Customs value of the vehicle, plus import duty, plus the Customs ... ICMS to clear customs, it is not an actual cost item per se, because similar to the IPI tax the paid value represents a credit to the importer. When the merchandise is sold to the end-user, the ... the CIF price plus the import duty. It is not a cost item per se, because the paid value represents a credit to the importer. When the product is sold to the end-user, the importer debits the...