City
Epaper

Govt extends import duty exemption on cotton till Dec 31

By IANS | Updated: August 28, 2025 10:00 IST

New Delhi, Aug 28 The government on Thursday said it has temporarily exempted the import duty on cotton ...

Open in App

New Delhi, Aug 28 The government on Thursday said it has temporarily exempted the import duty on cotton till December 31, 2025.

The decision has been taken to augment availability of cotton for the Indian textile sector. The Central Government had earlier temporarily exempted the import duty on cotton from August 19 till September 30.

“In order to support exporters further, the Central Government has decided to extend the import duty exemption on cotton (HS 5201) from 30th September 2025 till 31st December 2025,” the Finance Ministry said in a statement, adding that a notification will follow soon.

The decision, notified by the Central Board of Indirect Taxes and Customs (CBIC), is expected to lower input costs across the textile value chain, encompassing yarn, fabric, garments, and made-ups and provide much-needed relief to manufacturers and consumers alike.

The exemption includes the removal of both the 5 per cent Basic Customs Duty (BCD), the 5 per cent Agriculture Infrastructure and Development Cess (AIDC), and a 10 per cent Social Welfare Surcharge on both. Cumulatively, the entire 11 per cent import duty on cotton has been exempted.

Meanwhile, India’s textile and apparel sector has continued to demonstrate resilience despite the global uncertainties, to chart a positive growth trajectory in July, reaffirming the sector’s role as a key driver of employment, exports and economic growth.

According to quick estimates released by the Directorate General of Commercial Intelligence & Statistics (DGCIS), exports of major textile commodities in July reached $3.1 billion, marking a 5.3 per cent year-on-year growth compared to $2.94 billion in the same month last year.

For the period April–July 2025, cumulative textile exports stood at $12.18 billion, reflecting a growth of 3.87 per cent over the corresponding figure of $11.73 billion for the same period of the previous year.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Open in App

Related Stories

International"Strategic restraint or missed opportunity?": Tharoor questions choice of MoS as India's representative at Gaza Peace Summit

EntertainmentShah Rukh Khan, Aryan Khan share behind-the-scenes video of 'The Ba***ds of Bollywood' with a twist

AurangabadWork on Jackwell gains momentum at Jayakwadi Dam

Other Sports2nd Test: Batting for over 100 overs in second innings was a big plus, says Campbell

BusinessDefence Ministry utilises over 50 pc of capital outlay by Sep in current fiscal

National Realted Stories

NationalDefence Ministry utilises over 50 pc of capital outlay by Sep in current fiscal

NationalCPI inflation expected to settle at 2.8 pc for FY 26: Report

NationalPunjab: Two AK-47 rifles recovered along Pakistan border

NationalCM Vijayan’s marathon Middle East tour begins Tuesday, Saudi Arabia struck off itinerary

NationalTripura CM Saha urges FM Sitharaman to raise loan cap for externally aided projects