News: Latest News
Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance Pro.CalendarSectors 
All NewsEconomyCurrencies & ForexCryptocurrenciesCybersecurityPress Releases

India extends deadline for duty free cotton imports to Oct. 31

07/05/2022 | 07:41am EDT
Workers stack cotton fabric rolls at a textile factory of Texport Industries in Hindupur

MUMBAI (Reuters) - India has extended deadline to import cotton without paying import taxes until Oct. 31 from the earlier cut-off date of Sept. 30, the government said in a notification, as the sowing of the fibre crop delayed in some regions due to patchy monsoon rainfall.

The world's biggest producer of the fibre had allowed duty free imports in April after local prices jumped to a record high because of a drop in the production and following rally in global prices.

India mainly imports cotton from the United States, Brazil and Egypt.

(Reporting by Rajendra Jadhav)


© Reuters 2022
Latest news "Economy & Forex"
06:45aExplainer-What is at stake for investors in Angola's elections?
RE
06:40aGermany resumes military flights to Mali after spat over flight clearances
RE
06:36aIndian shares edge up at close in choppy trade
RE
06:23aHospital queues after Kabul mosque blast
RE
06:22aIndian rupee falls as Fed minutes prop dollar
RE
06:19aChina's Chery in talks to produce cars in Russian plants -TASS
RE
06:17aGERMAN CHANCELLOR SCHOLZ : Plan to lower sales tax on gas to 7%…
RE
06:17aGERMAN CHANCELLOR SCHOLZ : Govt is agreed that consumers should n…
RE
06:15aMusk's Man Utd 'joke' may dodge legal blowback
RE
06:15aBank of England sets out plans for 200 mln pounds of weekly corporate bond sales
RE
Latest news "Economy & Forex"