Views: 2 Author: Site Editor Publish Time: 2021-02-26 Origin: Site
The Government of India has imposed a 10 per cent duty (5 per cent basic customs duty and another 5 per cent Agriculture Infrastructure and Development Cess) on raw cotton with effect from February 2, 2021. This will make imports of Extra-Long Staple (ELS) cotton costly, and may also lead to increase in prices of cotton in domestic market.