India, Aug. 19 -- The Government of India issued the following news release:
In a move aimed at stabilizing domestic cotton prices and supporting the textile industry, the Government of India has exempted all customs duties on the import of raw cotton with effect from 19th August 2025 until 30th September 2025. This includes the removal of both the 5% Basic Customs Duty (BCD), the 5% Agriculture Infrastructure and Development Cess (AIDC), and a 10% Social Welfare Surcharge on both, cumulatively in an 11% import duty on cotton.
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 ne...