Home / Knowledge / News / Textiles / Brazil extends zero-duty on methanol imports for 180 days
Brazil extends zero-duty on methanol imports for 180 days
Oct '13
The Foreign Trade Chamber (CAMEX) of the Government of Brazil’s Ministry of Development, Industry and Foreign Trade has decided to extend the zero-duty on methanol imports for another 180 days, as per the resolution published in the Official Gazette, Agencia Brasil reported.
However, the extension of zero-duty would be limited to a quota of 282,500 tons of methanol.
The Government had decided to exempt methanol from import tax earlier this year to avoid shortage of the product, used in the textile and other industries.
The import tax exemption on methanol is in place since April this year. Prior to that, the tax rate on imports of methanol was 12 percent.
To implement the zero rate of tax, methanol has been temporarily added to the List of Exceptions to the Common External Tariff, which is a list of 100 products whose export tax is reduced.
At present, China is the largest consumer and importer of methanol, accounting for more than 50 percent of global methanol trade. 

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 20th Jan 2017

TEA expects budget to upscale textile skill industry

The Tiruppur Exporters’ Association (TEA) has requested the Central...

Textiles | On 20th Jan 2017

Bangladesh could earn $60 billion in exports by 2021

Bangladesh is expected to earn over $60 billion in exports by the...

Courtesy: PIB

Textiles | On 20th Jan 2017

Govt to help Tangaliya weavers purchase looms: Irani

Government of India will facilitate Tangaliya weavers in purchase of...

Interviews View All

Sunil Rathore
Lacoste India

‘New vendor is welcome if he offers cost, quality and timely delivery’

Saket Garg
Garg Corporation

The biggest challenge is lack of skilled workforce and competition from...

Jurgen Gauger

‘Buying crowdsourced or creative designs are much more appealing to the...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Pranav Mishra

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

January 2017

January 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


Subscribe today and get the latest News update in your mail box.
Advanced Search