Mithileshwar Thakur

5-month duty relief for cotton imports

Govt on Saturday announced a five-month duty exemption for all cotton imports into the country, aiming to cool down prices and ensure that the domestic garment and textiles industry remains in a robust state. The exemption will be available from June 1 to Oct 31, the ministry said in a notification amid demands from the industry to ensure adequate supply at reasonable cost. "The temporary duty exemption is expected to reduce input costs across the textile and apparel sector, thereby...