Centre Extends Import Duty Exemption on Cotton Till December 2025
The duty exemption aims to stabilize domestic cotton prices and support exporters facing a 50% US tariff, benefiting millions in India's textile sector including small and medium enterprises.
- The central government extended the import duty exemption on raw cotton until December 31, 2025, following an initial waiver from August 19 to September 30.
- The exemption aims to reduce production expenses and strengthen the textile industry by improving access to affordable cotton amid domestic supply constraints and rising costs.
- The government has dedicated ₹5,900 crore to boost cotton production and has raised the minimum support price to safeguard farmers' interests and ensure a stable supply.
- Industry leaders requested a 30% collateral-free loan with 5% interest subvention and extensions of export benefits like RoSCTL to aid cotton exporters amid tariff challenges.
- The duty relief aims to maintain a consistent supply of raw cotton, keep domestic prices stable, and enhance the competitiveness of the textile industry despite challenging US tariff conditions.
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India Extends Duty-Free Cotton Imports To Counter U.S. Tariffs, Draws Criticism From Farmers
NEW DELHI – The Central Government has extended an important exemption on cotton-import charges until December 31, 2025. This is a smart measure to protect the domestic textile and apparel industry from escalating trade problems, especially the new 50% tariffs the US has put on Indian exports. The 11% customs duty was first put on hold on August 19, and it was supposed to end on September 30. However, it has now been extended for three more mont…
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Total News Sources13
Leaning Left1Leaning Right2Center2Last UpdatedBias Distribution40% Center, 40% Right
Bias Distribution
- 40% of the sources are Center, 40% of the sources lean Right
40% Right
L 20%
C 40%
R 40%
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