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of <h1>India Updates Cotton Tariff Rate Quota Under Ind-Aus ECTA: New Codes, 0% Duty for 28mm Staple Length.</h1> The Directorate General of Foreign Trade has amended Paragraph 2.92 and Annexure-V of Appendix-2A of the Handbook of Procedure 2023 under the India-Australia Economic Cooperation and Trade Agreement (Ind-Aus ECTA). This amendment revises the Tariff Rate Quota (TRQ) for cotton by substituting the previous ITC(HS) code 52010020 with codes 52010024 and 52010025. The revised TRQ allows for a 0% duty on cotton with a minimum 28 mm staple length, with a quota of 51,000 MTs from the calendar year 2023 onwards, aligning with the Ministry of Finance's Notification No. 38/2023-Customs.
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