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India scraps 11% import duty on extra-long staple cotton

20 Feb '24
1 min read
Pic: Adobe Stock
Pic: Adobe Stock

Insights

  • India has lifted import duties on extra-long staple (ELS) cotton, addressing demands from its textile industry.
  • The move aims to ease reliance on imported ELS cotton, subject to an 11 per cent duty, crucial for fine cotton yarn production.
  • TEXPROCIL, which has long advocated for duty removal, notified members of the decision, referring to HS Code 52010025.

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