Government exempts import duty on cotton till October 30
The government has exempted customs duties on cotton imports for five months, effective June 1, 2026. This measure aims to increase cotton availability for the Indian textile sector and reduce input costs for manufacturers and consumers. The Finance Ministry believes this will positively impact the domestic textile industry, particularly small and medium enterprises.
- ▪The import duty exemption is effective from June 1, 2026.
- ▪This measure is expected to help the Indian textile sector by increasing cotton availability.
- ▪The duty exemption aims to reduce input costs for manufacturers and consumers.
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The government on Saturday (May 30, 2026) exempted all customs duties on cotton imports for five months till October 30, 2026.In a notification, the Finance Ministry said the import duty exemption will be effective from June 1, 2026.The duty exemption will help increase the availability of cotton for the Indian textile sector. Cotton import duty cuts: The farms versus firms debateThe temporary duty exemption 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.Overall, the measure is anticipated to have a positive impact on the performance of the domestic textile industry, especially the small and medium enterprises, ensuring better…
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