Bengaluru, Aug. 19 -- The Finance Ministry issued a notification through the Central Board of Indirect Taxes and Customs, removing both the basic customs duty and the Agriculture Infrastructure and Development Cess on imports. This move provides temporary relief to the textile and garment industry amid concerns over the Trump tariffs.

Specifically, an 11% import duty on raw cotton has been temporarily lifted, effective from August 19 until September 30. This offers temporary relief to the textile and garment industry, which has been facing challenges amid concerns related to the Trump tariffs.

This decision follows several months of discussions between India and the U.S., with India remaining firm on key areas like agriculture and dair...