Cotton Import Duty Waiver Extended to December 31
The Indian government has extended the customs duty exemption on cotton imports until December 31. The move aims to support the textile industry by making sure enough raw material is available. It also gives manufacturers more flexibility to buy inputs at reduced cost.
Context
Context: Customs duty is a tax on goods brought into India, and cotton is the main raw material for yarn and clothing. Exemptions like this are often used when domestic supply runs short or prices rise.
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