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India extends deadline for duty free cotton imports to October 31

The world’s biggest producer of the fibre had allowed duty free imports in April after local prices jumped to a record high because of a drop in the production and following rally in global prices

July 05, 2022 / 05:17 PM IST
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India has extended deadline to import cotton without paying import taxes until October 31 from the earlier cut-off date of September 30, the government said in a notification, as the sowing of the fibre crop delayed in some regions due to patchy monsoon rainfall.

The world’s biggest producer of the fibre had allowed duty free imports in April after local prices jumped to a record high because of a drop in the production and following rally in global prices.

 
Reuters
first published: Jul 5, 2022 05:17 pm
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