India exempts customs duties on cotton imports from Jun 1 to Oct 31

To augment availability of cotton for the Indian textile sector, the Indian government has exempted all customs duties on import of cotton from June1 to October 31 this year.

A Gazette notification regarding this was issued yesterday.

To augment availability of cotton for the Indian textile sector, the Indian government has temporarily exempted all customs duties on import of cotton from June1 to October 31 this year.
The decision is expected to reduce input costs across the textile and apparel sector, thereby providing a targeted relief to manufacturers and consumers, while also keeping the interests of domestic farmers in mind.

The decision is expected to reduce input costs across the textile and apparel sector, thereby providing a targeted relief to manufacturers and consumers, while also keeping the interests of domestic farmers in mind, a Ministry of Finance release said.

Overall, the measure is anticipated to have a positive impact on the performance of the domestic textile industry, especially small and medium enterprises, by ensuring better availability of cotton in the market.

Fibre2Fashion News Desk (DS)