Home / Knowledge / News / Textiles / Brazil temporarily reduces import tariff on polyester POY
Brazil temporarily reduces import tariff on polyester POY
10
Aug '13
The Government of Brazil has temporarily reduced the import tariff on polyester partially oriented yarn (POY) to 2 percent due to shortage of the product.
 
POY with NCM code 5402.46.00 is an intermediate filament used as a raw material for the production of polyester filament.
 
The ordinary level of common tariff imposed by Brazil on POY import is 18 percent.
 
The reduced tariff rate would be applicable until January 17, 2014.
 
The cut in import tariff is based on MERCOSUR Resolution No. GMC 08/2008, which authorizes Governments of member states to lower import tariff rates in response to domestic market demand, when there is a temporary shortage of supply in domestic market.
 

Fibre2fashion News Desk - India


Must ReadView All

Pic: Shutterstock

Retail | On 20th Oct 2021

Sept US retail sales up as goods spending preferred over services: NRF

US retail sales rose again in September as worries about the COVID-19 ...

Pic: DOST-PTRI Research and Development

Textiles | On 20th Oct 2021

Philippines scientists develop greener tech to produce bamboo fibres

Scientists in Philippines have developed greener technologies to...

Pic: International Finance Corporation

Apparel/Garments | On 20th Oct 2021

IFC invests $22.7 mn in HTL to raise Bangla RMG sector competitiveness

To improve global competitiveness of Bangladesh’s readymade garments...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Extension of RoSCTL to boost textile exports

Textile Industry, Head honchos

Textile Industry
Head honchos

Next level is to inject new features:

Textile Industry, Head honchos

Textile Industry
Head honchos

Marry with brand ethos

Kurt Wedgwood,

Kurt Wedgwood

From design to raw material to fabrication and ultimately to delivery -...

Kishina Daruka and Mishika Daruka,

Kishina Daruka and Mishika Daruka

Headquartered in Kolkata, India, sustainable clothing brand Ora was...

Shivendra Nigam,

Shivendra Nigam

Delhi-headquartered Cantabil Retail India Ltd was founded by Vijay Bansal...

Wolfgang Plasser, Lenzing AG

Wolfgang Plasser
Lenzing AG

The Lenzing Group is an international company headquartered in Austria...

Ian Russell, Pireta

Ian Russell
Pireta

UK-based Pireta has developed a unique free-form process to add durable,...

Michaela Griggs & Peggy Schulz, Barco Uniforms

Michaela Griggs & Peggy Schulz
Barco Uniforms

Founded in 1929, Barco Uniforms started as an apparel company for beauty...

Samant Chauhan, Label Samant Chauhan

Samant Chauhan
Label Samant Chauhan

Delhi based fashion designer, <b>Samant Chauhan</b> who mostly works on...

Reynu Taandon, Label Reynu Taandon + Nikhita

Reynu Taandon
Label Reynu Taandon + Nikhita

Renowned womenswear designer <b>Reynu Taandon </b>has been serving the...

Aprajita Toor, Aprajita Toor

Aprajita Toor
Aprajita Toor

The creations by <b>Aprajita Toor</b> were born out of a deep desire to...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


October 2021

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


Advanced Search