India’s textile industry has urged the government to extend the duty-free import window for raw cotton by another six months beyond October 31, citing a sharp rise in yarn prices and concerns over cotton availability. The government had waived the 11 percent import duty on raw cotton from June
Highlights of the industry recommendations: Removal of import duty from all varieties of cotton Increase the BCD on MMF yarn from the present 5% to 10%. Exempt varieties of textile raw material (fibre and yarn) which are not available domestically from the scope of Quality Control Orders (QCOs) Statutory/regulatory measures to curb cheap imports of […]













