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NewsOnAir 2026-10-31
Government extends cotton import duty exemption until December 31 The government has extended the customs duty exemption on cotton imports until December 31. The Finance Ministry announced this decision to ensure sufficient cotton supply for the Indian textile sector, which was previously set to expire on October 31. This extension aims to lower input costs for manufacturers and consumers while supporting domestic farmers. Additionally, the Finance Ministry indicated that the measure could enhance the performance of the textile industry, particularly benefiting small and medium enterprises.
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