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
Correct answer
Explanation
The correct answer is 31 December 2026. The exemption from customs duty on cotton brought into the country now runs up to the end of December. Option A is wrong because that was the date on which the earlier exemption was due to lapse, which is exactly why an extension was needed. Option B is wrong because the extension is of two months and not of one. Option D is wrong because the amendment stops at the end of December and does not stretch into the next financial year. The extension was notified by the Department of Revenue in the Ministry of Finance, and the Ministry of Textiles welcomed it. The purpose is to keep cotton available to the domestic textile sector at competitive prices, support domestic manufacturing, address requirements for specialised cotton and encourage value addition across the textile and apparel value chain.
Read the full article: Cotton Import Duty Exemption Extended to 31 December 2026
Practice Questions
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 →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
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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.
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
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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 →Devyani International is the exclusive franchisee in India of which coffee chain?
- A.Costa Coffee
- B.Tim Hortons
- C.Dunkin'
- D.Gloria Jean's Coffees
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Apart from running KFC and Pizza Hut franchise outlets across India, Devyani International Limited holds the exclusive Indian franchise for Costa Coffee, and along with it for New York Fries and Sanook Kitchen.
Read the full explanation →MIH Payments Holdings B.V., which has received CCI approval to acquire a shareholding in Navi Limited, is an indirect wholly-owned subsidiary of which company?
- A.Prosus N.V.
- B.SoftBank Group Corp.
- C.Alibaba Group Holding
- D.Temasek Holdings
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The Commission's clearance notes that the acquirer, MIH Payments Holdings B.V., is an indirect wholly-owned subsidiary of Prosus N.V., and that the acquirer itself carries on no business activity beyond holding investments in portfolio companies which have business activities in India.
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