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Image used for representational purposes. File | Photo Credit: ANI 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…
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A labourer fills cotton in a basket at a cotton processing unit. File | Photo Credit: Reuters The government is in an “advanced stage of consultation” regarding the 11% customs duty on imports of raw cotton, and examining if the levy can be removed, with a decision expected soon, a senior official said. Ministries, including…
Representational file image. | Photo Credit: Reuters The Ministry of Finance has removed the 11% import duty on cotton till September 30. In a notification issued on August 18, the Ministry said the Customs Duty will not be levied from August 19 to September 30 (including September 30) on cotton imports. According to Nishant Asher,…