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Duty on cotton exports
14 April 2010: The Union Government has imposed Rs 2,500 per tonne duty on cotton export and 3 per cent levy on overseas shipments of cotton waste to check rising prices of the commodity in the domestic market.
The export duty has been levied for six months, according to sources. The domestic textile industry has been pitching for cotton export restrictions in the wake of steep rise in the natural fibre.
The price of Shankar-6 variety, the premium quality of cotton, has risen to around Rs 28,500 per candy from around Rs 25,000 per candy (356 kg) in November 2009.
Source: Business Standard