{"id":14751,"date":"2026-05-31T00:58:05","date_gmt":"2026-05-30T19:28:05","guid":{"rendered":"https:\/\/banitoday.com\/cotton-duty-relief-textile-industry-welcomes-import-tax-waiver-sees-boost-for-exports-and-msmes\/"},"modified":"2026-05-31T00:58:05","modified_gmt":"2026-05-30T19:28:05","slug":"cotton-duty-relief-textile-industry-welcomes-import-tax-waiver-sees-boost-for-exports-and-msmes","status":"publish","type":"post","link":"https:\/\/banitoday.com\/hi\/cotton-duty-relief-textile-industry-welcomes-import-tax-waiver-sees-boost-for-exports-and-msmes\/","title":{"rendered":"Cotton duty relief: Textile industry welcomes import tax waiver, sees boost for exports and MSMEs"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div>\n<div class=\"e9jwa\">\n<div class=\"vdo_embedd\">\n<div class=\"GfdvZ\">\n<section class=\"_bIDB  clearfix id-r-component leadmedia undefined undefined  E9tg9 \" style=\"top:0px\">\n<div class=\"_bIDB\" data-ua-type=\"1\" onclick=\"stpPgtnAndPrvntDefault(event)\">\n<div class=\"ypVvZ\">\n<div class=\"WGttI\"><img src=\"https:\/\/static.toiimg.com\/thumb\/msid-131412919,imgsize-809378,width-400,height-225,resizemode-4\/-.jpg\" alt=\"Cotton duty relief: Textile industry welcomes import tax waiver, sees boost for exports and MSMEs\" decoding=\"async\" fetchpriority=\"high\"\/><\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div><\/div>\n<\/div>\n<p>The Centre&#8217;s decision to exempt all customs duties on cotton imports for five months till October 30 is expected to improve cotton availability, reduce input costs and strengthen the competitiveness of India&#8217;s textile sector, the Textile Ministry said on Saturday, PTI reported.<span class=\"id-r-component br\" data-pos=\"2\"\/>Industry bodies welcomed the move, describing it as timely relief for the textile and apparel value chain.<span class=\"id-r-component br\" data-pos=\"4\"\/>In a notification, the Finance Ministry said the import duty exemption will come into effect from June 1, 2026.<span class=\"id-r-component br\" data-pos=\"6\"\/>&#8220;The measure, implemented during the cotton off-season, will ensure adequate availability of cotton for the textile industry, support MSMEs, moderate input costs, and strengthen the competitiveness of Indian textiles while safeguarding farmers&#8217; interests and ensuring market stability,&#8221; the Textile Ministry said.<span class=\"id-r-component br\" data-pos=\"10\"\/>The Apparel Export Promotion Council (AEPC) said the move would provide significant relief to the sector.<span class=\"id-r-component br\" data-pos=\"12\"\/>&#8220;The measure is expected to augment the availability of cotton for the Indian textile and apparel sector and provide much-needed relief to the entire value chain,&#8221; the AEPC said.<span class=\"id-r-component br\" data-pos=\"14\"\/>AEPC Chairman A Sakthivel said the decision would particularly benefit small and medium enterprises that have been facing pressure from rising cotton and yarn prices.<span class=\"id-r-component br\" data-pos=\"17\"\/>He said the removal of customs duty on cotton imports was the need of the hour and would help moderate domestic cotton prices.<span class=\"id-r-component br\" data-pos=\"19\"\/>In this regard, Sakthivel urged spinning mills to pass on the benefits of lower cotton costs by rationalising yarn prices.<span class=\"id-r-component br\" data-pos=\"21\"\/>&#8220;This will help stabilise the entire textile value chain and enable garment exporters to secure and execute export orders more competitively in the coming months,&#8221; he said.<span class=\"id-r-component br\" data-pos=\"24\"\/>Confederation of Indian Textile Industry (CITI) Chairman Ashwin Chandran said the 11 per cent import duty on cotton had become a hurdle for India&#8217;s global competitiveness at a time when key Asian competitors already enjoyed duty-free access to cotton.<span class=\"id-r-component br\" data-pos=\"26\"\/>&#8220;Amid the ongoing global volatility and uncertainty, the 11 per cent import duty on cotton was acting as a major hindrance to the Indian textile and apparel sector in raising its global competitiveness since our major Asian competitors already have duty-free access to cotton,&#8221; Chandran said.<span class=\"id-r-component br\" data-pos=\"29\"\/>The duty was increasing costs across the value chain and hurting efforts to expand India&#8217;s textile and apparel exports, he added.<span class=\"id-r-component br\" data-pos=\"31\"\/>India&#8217;s textile exports are largely cotton-based, and the country is targeting $100 billion in textile and apparel exports by 2030.<span class=\"id-r-component br\" data-pos=\"33\"\/>&#8220;With this temporary relief in the cotton import duty, India&#8217;s textile and apparel exporters can better leverage opportunities that are emerging from the Free Trade Agreements (FTAs),&#8221; Chandran said.<span class=\"id-r-component br\" data-pos=\"35\"\/><\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/timesofindia.indiatimes.com\/business\/india-business\/cotton-duty-relief-textile-industry-welcomes-import-tax-waiver-sees-boost-for-exports-and-msmes\/articleshow\/131412867.cms\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Centre&#8217;s decision to exempt all customs duties on cotton imports for five months till October 30 is expected to improve cotton availability, reduce input costs and strengthen the competitiveness of India&#8217;s textile sector, the Textile Ministry said on Saturday, PTI reported.Industry bodies welcomed the move, describing it as timely relief for the textile and [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":14752,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-14751","post","type-post","status-publish","format-standard","has-post-thumbnail"],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/banitoday.com\/hi\/wp-json\/wp\/v2\/posts\/14751","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/banitoday.com\/hi\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/banitoday.com\/hi\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/banitoday.com\/hi\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/banitoday.com\/hi\/wp-json\/wp\/v2\/comments?post=14751"}],"version-history":[{"count":0,"href":"https:\/\/banitoday.com\/hi\/wp-json\/wp\/v2\/posts\/14751\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/banitoday.com\/hi\/wp-json\/wp\/v2\/media\/14752"}],"wp:attachment":[{"href":"https:\/\/banitoday.com\/hi\/wp-json\/wp\/v2\/media?parent=14751"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/banitoday.com\/hi\/wp-json\/wp\/v2\/categories?post=14751"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/banitoday.com\/hi\/wp-json\/wp\/v2\/tags?post=14751"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}