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of <h1>India Modifies Import Rule for Textile Manufacturers: New 1% FOB Limit on Cotton/Polyester Made-Ups Imports Effective</h1> The Government of India, through the Ministry of Finance, has issued Notification No. 89/2010-Customs, amending Notification No. 21/2002-Customs. The amendment modifies condition No. 21B, allowing manufacturers of cotton or polyester made-ups to import goods for manufacturing exports. The amendment stipulates that the total import value must not exceed 1% of the FOB value of exports from the previous financial year. Importers must provide a certificate from the relevant Textile Export Promotion Council, verifying export values and previously imported goods under this notification. This amendment aims to support manufacturers registered with the Cotton or Synthetic & Rayon Textiles Export Promotion Councils.
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