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The Economic Times
The Economic Times

Govt examining removal, reduction of 11% import duty on cotton: Official

The government is looking at the elimination or reduction of the customs duty levied on cotton imports, an official said on Tuesday, stressing that concerned ministries will make a decision in this regard.

The textile industry has been urging the government to remove 11 per cent customs duty on imports of raw cotton amid rising prices to mitigate the cost pressure on domestic companies and protect the sector.

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