Cotton Imports Get a Tax Break : Centre Extends Duty-Free Imports Till December 31

The Centre extended customs duty exemption on cotton imports until December 31, 2026, easing raw material availability for the textile and apparel sector. The Finance Ministry's Notification No. 35/2026-Customs amended May 30 rules, aiming to reduce input costs, support manufacturers and SMEs, and balance industry needs with domestic cotton farmers' interests.