5-month duty relief for cotton imports

The exemption will be available from June 1 to Oct 31 NEW DELHI: Govt on Saturday announced a five-month duty exemption for all cotton imports into the country, aiming to cool down prices and ensure that the domestic garment and textiles industry remains in a robust state.The exemption will be available from June 1 to…

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Cotton duty relief: Textile industry welcomes import tax waiver, sees boost for exports and MSMEs

The Centre’s decision to exempt all customs duties on cotton imports for five months till October 30 is expected to improve cotton availability, reduce input costs and strengthen the competitiveness of India’s textile sector, the Textile Ministry said on Saturday, PTI reported.Industry bodies welcomed the move, describing it as timely relief for the textile and…

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