30
May
New Delhi (Gurpreet Singh): In a major relief for India’s textile and apparel sector, the Central Government has announced a temporary exemption from all customs duties on cotton imports from June 1, 2026, to October 30, 2026. The move aims to improve cotton availability in the domestic market, reduce raw material costs, and support textile manufacturers currently navigating rising cotton and yarn prices. According to the official gazette notification, the government exercised its power under Section 25(1) of the Customs Act, 1962, and Section 124 of the Finance Act, 2021, to exempt cotton falling under Customs Tariff Heading 5201 from…