Export Duty on Cotton waste reduced
THE Central Government has however decided to reduce the export duty on cotton waste of all sorts and falling under Chapter 17 of the Customs Tariff Act to 3%. The Second Schedule to the Customs Tariff Act, 1975 prescribes a tariff rate of 40% on export of cotton waste of all sorts. Now this has been brought down to 3% ad valorem .
Notification No. , Dated: April 9, 2010