1. Centre extends cotton import duty exemption by two months until December 31

Centre extends cotton import duty exemption by two months until December 31

India

  • The Centre has extended the customs duty exemption on cotton imports by two months to 31 December 2026.
  • The exemption was due to expire on 31 October, and the finance ministry notified the extension on 30 October.
  • The government said the move will ease input costs for the textile and apparel industry, helping SMEs most.
  • The exemption is meant to improve cotton availability while protecting the interests of domestic farmers.

Source: moneycontrol.com

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