Government Suspends Cotton Import Duty for Five Months
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The Union Government has expressed displeasure over the decision of the Union Government to abolish the import duty of Rs 1 for 5 months from June 5. Farmers have demanded that this import duty be kept unchanged. The government has been introduced to continue import duty in order to remain competitive in the world market. Gujarat has been the first in cotton production in the country so far, with cotton production slowly declining, and Maharasht…
Cotton duty waiver brings relief to TN’s Tiruppur knitwear industry; exporters hail move
Coimbatore, June 1 (SocialNews.XYZ) The Tiruppur knitwear and textile industry has welcomed the Centre’s decision to temporarily remove customs duty on cotton imports, describing it as a timely intervention that will help reduce production costs, improve raw material availability, and enhance the global competitiveness of India’s textile and apparel exports. The Centre has announced a temporary exemption from all customs duties on cotton imports…
Government Suspends Cotton Import Duty for Five Months
The Central Government has announced a temporary exemption on cotton imports, removing all customs-related levies for five months beginning June 1, 2026. The measure is intended to improve the availability of raw cotton for domestic textile manufacturers and help the industry manage input costs more effectively. Relief Period According to a notification issued by the Finance Ministry on May 30, 2026, imported cotton will be exempt from both the …
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