Home / Knowledge / News / Textiles / Govt slaps levy on exports of raw cotton
Govt slaps levy on exports of raw cotton
Apr '10
The government of India has imposed a punitive duty on exports of raw cotton and cotton waste, which comes in to retrospective effect from April 9, 2010 for a period of six months.

Exports of raw cotton have been slapped an export duty of Rs 2,500 per ton and shipments of cotton waste attract a levy of three percent of the free-on-board value.

In a related development, cotton yarn exports too, will now need to be compulsorily registered with Textile Commissioners Office.

This decision was taken a meeting chaired by Finance Minister, Mr Pranab Mukerjee, on recommendation from the Textiles Ministry and pressure from the industry.

Raw cotton and cotton yarn prices have risen by around 35 percent in the last few months, which had given rise to concerns among the downstream consumers.

Around 7.95 million bales of raw cotton have been registered with the Office of the Textile Commissioner for export, since October 2009, of which nearly 5.45 million bales have already been shipped.

Fibre2fashion News Desk - India

Must ReadView All

Union textiles minister Smriti Irani addressing at the Texprocil Annual Export Awards. Courtesy: PIB

Textiles | On 22nd Oct 2016

Govt to extend special package to home textiles segment

The Central government is likely to extend the recently approved Rs...

Reebok Liquid Speed Grey. Courtesy: Business Wire

Apparel/Garments | On 22nd Oct 2016

Reebok’s Liquid Factory brings sneaker creation to US

Reebok, a pioneer in the sporting goods industry, has brought sneaker ...

Courtesy: GHCL

Textiles | On 22nd Oct 2016

GHCL to invest Rs 67.25 crore in textile division

Chemicals and textiles firm GHCL will invest Rs 67.25 crore in its...

Interviews View All

Akash Khetan
Narayan Tex Fab

I find it hard to find professionals in Surat

Jurgen Gauger

‘Buying crowdsourced or creative designs are much more appealing to the...

Rajiv Sirohi

‘Portugal is taking away a major share of the mill made sector.’

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Pranav Mishra

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

October 2016

October 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


Advanced Search