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Customs duty on cotton imports waived; Finance ministry - New Delhi Times - India Only International Newspaper

The finance ministry waived customs duty on cotton imports on April 13, 2022 till September 30. The move was made to benefit the textile industry and lower prices for consumers. Currently, cotton imports attract 5 per cent Basic Customs Duty (BCD) and 5 per cent Agriculture Infrastructure Development Cess (AIDC). The industry has been demanding…
Agriculture Infrastructure Development Cess Basic Customs Duty Central Board Indirect Taxes

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