Cotton Import Duty Exemption Extended Till October 31
The Finance Ministry extended an import duty exemption on cotton, granted in May, in a notification issued on October 30. The exemption will now run until October 31, the date given in the notice.
Context
Context: India imports cotton at times to meet demand from its textile industry, which uses it to make clothes. Government duty waivers on imports are typically used to keep raw material supply steady and prices manageable for mills.
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