The Ministry of Finance has extended the existing customs duty exemption on cotton imports until 31st December 2026, according to a release by the Ministry of Textiles. The exemption, which was previously valid until 31st October 2026, has been extended by two months through Notification No. 35/2026-Customs issued by the Department of Revenue on 30th October 2026.
The Ministry of Textiles stated that the decision aims to augment raw material availability for the domestic textile sector, address specialised cotton needs, and support value addition. The measure is intended to ease input cost pressures for textile and apparel manufacturers, assist Micro, Small and Medium Enterprises (MSMEs), and enhance the competitiveness of Indian textiles in domestic and international markets.
What it means
- The customs duty exemption on cotton imports has been extended by two months until December 31, 2026.
- The measure is aimed at easing input cost pressures for textile manufacturers and supporting MSMEs.
Source
Press Information Bureau, Government of India, “Government of India extends Customs Duty Exemption on Cotton imports up to 31st December 2026”. Read the original release.
Summary of an official release for general information only. Not investment advice. Read the original source before acting on any information.
Official RBI, SEBI, Government and Defence updates as they happen.
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