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CBIC Exempts Cotton From Customs Duty & AICD Till 30 September, 2022
Mariya Paliwala
15 April 2022 10:47 AM IST
The Central Board of Indirect Taxes and Customs (CBIC) exempted cotton from customs duty and the Agriculture Infrastructure Development Cess (AIDC).To stimulate textile exports, the central government has eliminated all customs tariffs on cotton imports until September 30, 2022. According to the Finance Ministry, the exemption will assist the textile chain with yarn, fabric, clothing,...
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