By how long was the existing customs duty exemption on cotton imports extended?
- A.One month
- B.Two months
- C.Six months
- D.One year
Correct answer
Explanation
The correct answer is two months. The exemption in force was available until the end of October, and the amendment carries it to the end of December, which adds exactly two months to the window. Options A, C and D are wrong because they do not match that span; a six-month or one-year window would have taken the relief well into the next calendar year, which the notification does not do. The short extension is itself worth noting for an exam answer, because it shows the government keeping a duty-free import window under regular review rather than opening it indefinitely: the textile industry's raw material needs are weighed each time against the interests of domestic cotton farmers and the sustainable growth of the entire cotton and textile value chain.
Read the full article: Cotton Import Duty Exemption Extended to 31 December 2026
Practice Questions
Up to which date has the Government of India extended the customs duty exemption on cotton imports?
- A.31 October 2026
- B.30 November 2026
- C.31 December 2026
- D.31 March 2027
Show answer
The exemption from customs duty on cotton brought into the country now runs up to the end of December.
Read the full explanation →Which department notified the extension of the customs duty exemption on cotton imports?
- A.Department of Revenue, Ministry of Finance
- B.Department of Commerce, Ministry of Commerce and Industry
- C.Department of Agriculture and Farmers Welfare
- D.Office of the Textile Commissioner, Ministry of Textiles
Show answer
Customs duty is a tax, so changes to it are notified by the revenue side of the Finance Ministry, in this case through a customs notification dated the end of October.
Read the full explanation →Which of these is NOT among the stated aims of extending the cotton import duty exemption?
- A.Augmenting cotton availability for the domestic textile sector
- B.Supporting Micro, Small and Medium Enterprises
- C.Raising the minimum support price paid to cotton growers
- D.Promoting value addition across the textile and apparel chain
Show answer
The exemption is an import measure and has nothing to do with the price assured to farmers, although the government has said it remains conscious of farmers' interests while taking such steps.
Read the full explanation →The CCI has approved the merger of Sapphire Foods India Limited with and into which company?
- A.Navi Limited
- B.Vodafone Idea Limited
- C.Devyani International Limited
- D.Maya SAS
Show answer
The Competition Commission of India cleared the merger of Sapphire Foods India Limited with and into Devyani International Limited along with certain related transactions.
Read the full explanation →MIH Payments Holdings B.V., cleared to acquire shareholding in Navi Limited, is a subsidiary of which company?
- A.Prosus N.V.
- B.Maya SAS
- C.Shell Overseas Investment B.V.
- D.Devyani International Limited
Show answer
MIH Payments Holdings B.V. is an indirect and wholly owned subsidiary of Prosus N.V., and by itself it does no business other than holding investments in portfolio companies that have activities in India.
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