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
Correct answer
Explanation
The correct answer is raising the minimum support price paid to cotton growers. 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. Option A is wrong as an answer because augmenting the availability of cotton for the domestic textile sector is indeed a stated aim. Option B is wrong for the same reason, since easing input cost pressures for Micro, Small and Medium Enterprises is named among the expected benefits. Option D is wrong because promoting greater value addition across the textile and apparel value chain is also listed, along with ensuring cotton at competitive prices, supporting domestic manufacturing, meeting specialised cotton requirements and strengthening the competitiveness of Indian textiles in domestic and international markets.
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
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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 →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
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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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