In a notification, CITA chairman Joshua Teitelbaum said the supplementary information is being provided under Title I, Section 112(b)(3) of the Trade and Development Act of 2000 (TDA 2000) and other laws, and would be applicable for 12-month period beginning October 1, 2015.
As per the AGOA Acceleration Act of 2004, the quantitative limitation for the twelve-month period beginning October 1, 2015 will be an amount not to exceed 7 per cent of the aggregate square metre equivalents (SMEs) of all apparel articles imported into the US in the preceding 12-month period for which data are available.
Of this overall amount, apparel imported under the special rule for lesser-developed countries is limited to an amount not to exceed 3.5 per cent of all apparel articles imported into the US in the preceding 12-month period.
Accordingly, for the one-year period, beginning on October 1, 2015, and extending through September 30, 2016, the aggregate quantity of imports eligible for preferential treatment is 1,935,096,830 SME, Teitelbaum said.
“Of this amount, 967,548,415 SME is available to apparel articles imported under the special rule for lesser-developed countries. Apparel articles entered in excess of these quantities will be subject to otherwise applicable tariffs,” he clarified.
These quantities were calculated using the aggregate SMEs of all apparel articles imported into the US, derived from the set of Harmonized System lines listed in the Annex to the World Trade Organization Agreement on Textiles and Clothing (ATC), and the conversion factors for units of measure into SME used by the US in implementing the ATC. (RKS)
Fibre2Fashion News Desk – India
Textiles | On 27th May 2018
To curb illegal imports, Ghanaian authorities will put a tax stamp on ...
Apparel/Garments | On 27th May 2018
Partners Group, a private markets investment manager, and Kedaara...
Shri Dinesh Mills Limited
Broad range of fabrics will sell well this financial year
Sanjay Desai & Ashish Mulani
Digital textile printing will be the technology of the future
'Natural fibres are appreciated for traditional authenticity'
Founded in 1999 by Navin Patel in the name of Tejas Fabrics with 100...
Fynd is the central online shopping destination for fashion, offering...
Conceived in Europe and curated in New Delhi, NeceSera is a...
Biovation II LLC
Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...
Technical Absorbents Ltd
Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...
Coating at a fibre level is a practice not usually seen in the...
She has carved a niche for herself as the national brand of Turkey. Her...
<div>Delhi-based Gritstones Clothing offers quality and exemplary style...
Whistling Woods International School of Fashion
<div>A lack of upgraded courses in costume designing and fashion as per...