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Cotton imports exempted from customs dutyThe government has exempted cotton imports from customs duties for five months to improve raw material availability for India’s textile sector. The exemption applies to cotton under tariff heading 5201 from 1 June to 31 October 2026. Imports during this period will attract zero basic customs duty and zero Agriculture Infrastructure and Development Cess. The Ministry of Finance notified...0 Comments 0 Shares 105 Views 0 Reviews
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Government Reviewing 11% Duty on Raw Cotton ImportsTextile industry seeks removal of levy amid supply-demand gap concerns The government is in an “advanced stage of consultation” regarding the 11% customs duty on imports of raw cotton, with a decision expected soon, according to a senior official. Discussions are underway among the finance, textiles and agriculture ministries as industry representatives continue to press for removal...0 Comments 0 Shares 221 Views 0 Reviews