Indian government abolishes import duty on cotton
The government of India has scrapped the 5% basic custom duty on imported cottons and has reduced it to zero percent till 30 September 2022.
Till now the imported cotton was taxed at 11% which included the custom duty of 5% plus 5% agriculture infrastructure development cess and 1% surcharge.
This new zero percent duty on imported cotton will be applicable from 14 April 2022 till 30 September 2022.
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