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Import of cotton fully exempted from customs duties till September 30
short by Pragya Swastik / on Wednesday, 13 April, 2022
The government has exempted all cotton imports from customs duties from April 14 to September 30, 2022. Currently, cotton imports attract 5% Basic Customs Duty (BCD) and 5% Agriculture Infrastructure Development Cess (AIDC). "This exemption shall benefit the textile chain - yarn, fabric, garments, and provide relief to consumers," the Finance Ministry said.
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