TNPSC Thervupettagam

Cotton Import Duty Exemption

September 1 , 2025 16 hrs 0 min 21 0
  • The Government of India has extended the exemption on the 11 percent import duty on all varieties of cotton till 31 December 2025.
  • The decision was notified by the Central Board of Indirect Taxes and Customs (CBIC).
  • The move aims to stabilise input costs across the entire textile value chain.
  • Cotton textile exports made up 33 percent of total textile and apparel exports in April to October 2024–25.
  • These exports were valued at USD 7.08 billion during the same period.
  • India consumes 95 percent of its cotton production domestically in the textile industry.
  • Over 45 million people are employed across the textile-apparel value chain.

 

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