Textile Industry Welcomes Cotton Duty Exemption Extension
The textile industry has welcomed an extension of the customs duty exemption on cotton. Customs duty is a tax charged on goods brought into India. The exemption lowers the cost of cotton imports for mills that buy from abroad.
Context
Context: Cotton is the main raw material for India's textile and garment industry, which employs a large number of people. Governments sometimes use such exemptions when domestic supply is tight.
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