NEW DELHI: The government has notified the restoration of incentives on export of cotton and cotton yarn following a sharp fall in domestic and international prices of the commodities.
The decision to restore the Duty Entitlement Pass Book (DEPB) scheme on cotton yarn would be on a retrospective effect basis from April 2011 and on cotton from October 2010, Directorate General of Foreign Trade (DGFT) said.
The government had withdrawn the tax refund benefit on cotton and cotton yarn in April last ....
