India’s finance minister Nirmala Sitharam today presented the Union Budget 2022-23 in the Parliament.
The prices of cotton, the primary raw material have skyrocketed for a while now, this Buget is finally offering a reduction in the duties, helping the industry grow.
It’s a welcome breather, making clothes cheaper for all of us!
Check below for an abstract of the Budget Highlights of Duty Reduction.
Sr. No. | Heading, Sub Heading or traffic item | Commodity | Old Rate of Duty | New Rate of Duty |
| 1. | 5201 | Cotton, not carded or combed | 25% | 5% |
| 2. | 5202 | Cotton waste | 25% | 10% |
| 3. | 5204, 5205, 5206 | Cotton sewing thread, Cotton yarn (not put up for retail sale) | 20% | 10% |
| 4. | 5207 | Cotton yarn (put up for retail sale) | 25% | 10% |
| 5. | 5208 11, 5208 12, 5208 13, 5208 19, 5208 21, 5208 22, 5208 23, 5208 29, 5208 31, 5208 32, 5208 33 | Woven fabrics of cotton, containing 85% or more by weight of cotton, weighing not more than 200g/sq. m. | 25% | 10% |
| 6. | 5,20,841 | Woven fabrics of cotton, containing 85% or more by weight of cotton, weighing not more than 200g/sq. m., of yarn of different colours | 25% or Rs. 9 per sq. m., whichever is higher | 10% or Rs. 9 per sq. m., whichever is higher |
| 7. | 5,20,843 | Woven fabrics of cotton, containing 85% or more by weight of cotton, weighing not more than 200g/sq. m., 3-thread or 4-thread twill, including cross twill | 25% | 10% |
| 8. | 5,20,851 | Woven fabrics of cotton, containing 85% or more by weight of cotton, weighing not more than 200g/sq. m., plain weave, weighing not more than 100g/sq. m. | 25% or Rs. 27 per sq. m., whichever is higher | 10% or Rs. 27 per sq. m., whichever is higher |
| 9. | 5209 11, 5209 12, 5209 21, 5209 22, 5209 29, 5209 19 00 | Woven fabrics of cotton, containing 85% or more by weight of cotton, weighing more than 200g/sq. m. | 25% | 10% |
| 10. | 5209 42 00 | Woven fabrics of cotton, containing 85% or more by weight of cotton, weighing more than 200g/sq. m., Denim | 25% or Rs. 25 per sq. m., whichever is higher | 10% or Rs. 25 per sq. m., whichever is higher |
| 11. | 5210 11, 5210 21, 5210 29, 5210 31, 5210 32 | Woven fabrics of cotton, containing less than 85% by weight of cotton, mixed mainly or solely with man-made fibres, weighing not more than 200g/sq. m. | 25% | 10% |
| 12. | 5,21,041 | Woven fabrics of cotton, containing less than 85% by weight of cotton, mixed mainly or solely with man-made fibres, weighing not more than 200g/sq. m., of yarns of different colours | 25% or Rs. 15 per sq. m., whichever is higher | 10% or Rs. 15 per sq. m., whichever is higher |
| 13. | 5211 11, 5211 12, 5211 19 00, 5211 20 | Woven fabrics of cotton, containing less than 85% by weight of cotton, mixed mainly or solely with man-made fibres, weighing more than 200g/sq. m. | 25% | 10% |
| 14. | 5211 42 00 | Woven fabrics of cotton, containing less than 85% by weight of cotton, mixed mainly or solely with man-made fibres, weighing more than 200g/sq. m., Denim | 25% or Rs. 18 per sq. m., whichever is higher | 10% or Rs. 18 per sq. m., whichever is higher |
| 15. | 5212 11 00, 5212 12 00, 5212 13 00, 5212 14 00 | Other woven fabrics of cotton, weighing not more than 200g/sq. m., unbleached, bleached, dyed, of yarns of different colours | 25% | 10% |
| 16. | 5212 15 00 | Other woven fabrics of cotton, printed | 25% or Rs. 165 per kg., whichever is higher | 10% or Rs. 165 per kg., whichever is higher |
| 17. | 5212 21 00, 5212 22 00, | Other woven fabrics of cotton, weighing more | 25% | 10% |
| 18. | 5212 23 00 | than 200g/sq. m., unbleached, bleached, dyed | ||
| 19. | 5212 24 00 | Other woven fabrics of cotton, weighing more than 200g/sq. m., of yarns of different colours | 25% or Rs. 20 per sq. m., whichever is higher | 10% or Rs. 20 per sq. m., whichever is higher |
| 20. | 5212 25 00 | Other woven fabrics of cotton, weighing more than 200g/sq. m., printed | 25% or Rs. 165 per kg., whichever is higher | 10% or Rs. 165 per kg., whichever is higher |
| 21. | 5301 | Flax, raw or processed, but not spun; flax tow and waste | 25%/30% | Free |
| 22. | 5303 10 10 | Raw jute | 25% | 5% |
| 23. | 5303 10 90, 5303 90 10, 5303 90 90 | Jute and other textile bast fibres | 25% | 10% |
| 24. | 5305, 5306, 5307, 5308, 5309 | Coconut, Abaca, Ramie and other vegetable textile fibres, Flax yarn, Jute yarn, paper yarn, flax fabric | 25% | 10% |
| 25. | 5310 10, 5310 90 | Woven fabrics of jute or of other textile bast fibres | 25% | 10% |
| 26. | 5311 | Woven fabrics of other vegetable textile fibres or paper yarn | 25% | 10% |
| 27. | 5401 | Sewing thread of man-made filaments, whether or not put up for retail sale | 20% | 5% |
| 28. | 5402 | Synthetic filament yarn, not put up for retail sale, including synthetic monofilament of less than 67 decitex | 20% | 5% |
| 29. | 5403 | Artificial filament yarn, not put up for retail sale, including artificial monofilament of less than 67 decitex | 20% | 5% |
| 30. | 5404 | Synthetic monofilament of 67 decitex or more | 20% | 5% |
| 31. | 5405 | Artificial monofilament of 67 decitex or more | 20% | 5% |
| 32. | 5406 | Man-made filament yarn | 20% | 5% |
| 33. | 5407 10 11, 5407 10 12, 5407 10 13, 5407 10 14, 5407 10 15, 5407 10 16, 5407 10 19, 5407 10 22, | Woven fabrics of synthetic filament yarn | 25% or Rs. 115 per kg., whichever is higher | 20% or Rs. 115 per kg., whichever is higher |
| 34. | 5407 10 23, 5407 10 24, 5407 10 25, 5407 10 29, 5407 10 31, 5407 10 33, 5407 10 34, 5407 10 35, 5407 10 36, 5407 10 39, 5407 10 43, 5407 10 44, 5407 10 45, 5407 10 46, 5407 10 49, 5407 10 91, 5407 10 92, 5407 10 93, 5407 10 94, 5407 10 95, 5407 10 96, 5407 10 99 | |||
| 35. | 5407 10 21, 5407 10 26, 5407 10 32, 5407 10 41, 5407 10 42 | Parachute fabrics, polyester suitings, Tent Fabrics | 25% or Rs. 115 per kg., whichever is higher | 10% or Rs. 115 per kg., whichever is higher |
| 36. | 5407 20, 5407 30 | Woven fabrics obtained from strip or the like | 25% | 20% |
| 37. | 5407 41 11, 5407 41 13, 5407 41 19, 5407 41 23, 5407 41 29 | Nylon brasso, Nylon taffeta, Other woven fabrics, containing 85% or more by weight of filaments of nylon or other polyamides | 25% or Rs. 30 per sq. m., whichever is higher | 20% or Rs. 20 per sq. m., whichever is higher |
| 38. | 5407 41 12, 5407 41 14, 5407 41 21, 5407 41 22, 5407 41 24 | Nylon georgette, Nylon sarees, bleached Nylon brasso | 25% or Rs. 30 per sq. m., whichever is higher | 10% or Rs. 20 per sq. m., whichever is higher |
| 39. | 5,40,751 | Other woven fabrics, containing 85% or more by weight of textured polyester filaments, unbleached or bleached | 25% or Rs. 11 per sq. m., whichever is higher | 20% or Rs. 11 per sq. m., whichever is higher |
| 40. | 5,40,754 | Other woven fabrics, containing 85% or more by weight of textured polyester filaments, printed | 25% or Rs. 20 per sq. m., | 20% or Rs. 20 per sq. m., |
| 41. | whichever is higher | whichever is higher | ||
| 42. | 5,40,771 | Other woven fabrics, containing 85% or more by weight of synthetic filaments, unbleached or bleached | 25% or Rs. 10 per sq. m., whichever is higher | 20% or Rs. 10 per sq. m., whichever is higher |
| 43. | 5407 72 00 | Other woven fabrics, containing 85% or more by weight of synthetic filaments, dyed | 25% or Rs. 24 per sq. m., whichever is higher | 20% or Rs. 24 per sq. m., whichever is higher |
| 44. | 5407 81 11, 5407 81 12, 5407 81 13, 5407 81 14, 5407 81 19, 5407 81 22, 5407 81 23, 5407 81 29 | Nylon georgette, Nylon sarees, Polyester shirtings, Polyester suitings (unbleached), Other woven fabrics, containing 85% or more by weight of synthetic filaments mixed mainly or solely with cotton | 25% or Rs. 10 per sq. m., whichever is higher | 20% or Rs. 10 per sq. m., whichever is higher |
| 45. | 5407 81 15, 5407 81 16, 5407 81 21, 5407 81 24, 5407 81 25, 5407 81 26 | Terylene and dacron sarees, Polyester dhoti, bleached nylon georgette, Polyester suitings (bleached) | 25% or Rs. 10 per sq. m., whichever is higher | 10% or Rs. 10 per sq. m., whichever is higher |
| 46. | 5,40,791 | Other woven fabrics, unbleached or bleached | 25% or Rs. 15 per sq. m., whichever is higher | 20% or Rs. 15 per sq. m., whichever is higher |
| 47. | 5408 10 00, 5408 21 | Woven fabrics obtained from high tenacity yarn of viscose rayon, containing 85% or more by weight of artificial filament or strip or the like, unbleached or bleached | 25% | 20% |
| 48. | 5,40,831 | Other woven fabrics, unbleached or bleached | 25% or Rs. 25 per sq. m., whichever is higher | 20% or Rs. 25 per sq. m., whichever is higher |
| 49. | 5,40,832 | Dyed fabrics of rayon | 25% or Rs. 44 per sq. m., whichever is higher | 20% or Rs. 44 per sq. m., whichever is higher |
| 50. | 5408 33 00 | Dyed fabrics of rayon, of yarns of different colours | 25% or Rs. 10 per sq. m., whichever is higher | 20% or Rs. 10 per sq. m., whichever is higher |
| 51. | 5,40,834 | Printed fabrics of rayon | 25% or Rs. 11 per sq. m., whichever is higher | 20% or Rs. 11 per sq. m., whichever is higher |
| 52. | 5501, 5502 | Synthetic and artificial filament tow | 20% | 5% |
| 53. | 5503 20 00 | Synthetic staple fibres, not carded, combed or otherwise processed for spinning, of polyesters | 20% | 5% |
| 54. | 5503 40 00, 5503 90 10, 5503 90 20, 5503 90 90 | Synthetic staple fibres, not carded, combed or otherwise processed for spinning, of polypropylene and others | 20% | 5% |
| 55. | 5504 90 10, 5504 90 20, 5504 90 30, 5504 90 90 | Other artificial staple fibres, not carded, combed or otherwise processed for spinning | 20% | 5% |
| 56. | 5505, 5506, 5507, 5508, 5509, 5510 | Man-made fibre waste, synthetic staple fibres, artificial staple fibres, sewing thread of man- made staple fibres, yarn of synthetic staple fibres, yarn of artificial staple fibres | 20% | 5% |
| 57. | 5511 | Yarn of man-made staple fibres, put up for retail sale | 25% or Rs. 31 per kg., whichever is higher/ 25% or Rs. 30 per kg., whichever is higher | 10% |
| 58. | 5512 11, 5512 21, 5512 91 | Woven fabrics of synthetic staple fibres, containing 85% or more by weight of synthetic staple fibres (unbleached or bleached), containing 85% or more by weight of acrylic or modacrylic staple fibres (unbleached or bleached), other | 25% | 20% |
| 59. | 5513 11, 5513 12, 5513 13, 5513 19 | Woven fabrics of synthetic staple fibres, containing less than 85% by weight of synthetic staple fibres, mixed mainly or solely with cotton, of a weight not exceeding 170g/sq. m. (of polyester staple fibres, plain weave; 3 thread or 4 | 25% | 20% |
| 60. | thread twill; other woven fabric of polyester staple fibres; other woven fabrics) | |||
| 61. | 5513 29 00 | Other Woven fabrics of synthetic staple fibres, containing less than 85% by weight of synthetic staple fibres, mixed mainly or solely with cotton, of a weight not exceeding 170g/sq. m. | 25% or Rs. 185 per kg., whichever is higher | 20% or Rs. 185 per kg., whichever is higher |
| 62. | 5513 31 00 | Woven fabrics of synthetic staple fibres, containing less than 85% by weight of synthetic staple fibres, mixed mainly or solely with cotton, of a weight not exceeding 170g/sq. m., of yarns of different colours | 25% or Rs. 21 per sq. m., whichever is higher | 20% or Rs. 21 per sq. m., whichever is higher |
| 63. | 5513 49 00 | Other Woven fabrics of synthetic staple fibres, containing less than 85% by weight of synthetic staple fibres, mixed mainly or solely with cotton, of a weight not exceeding 170g/sq. m., printed | 25% or Rs. 185 per kg., whichever is higher | 20% or Rs. 185 per kg., whichever is higher |
| 64. | 5514 11, 5514 12, 5514 19 | Woven fabrics of synthetic staple fibres, containing less than 85% by weight of such fibres, mixed mainly or solely with cottons, of a weight exceeding 170g/sq. m. (of polyester staple fibres, plain weave; ; 3 thread or 4 thread twill; other woven fabric of polyester staple fibres; other woven fabrics) | 25% | 20% |
| 65. | 5514 30 13 | Other Woven fabrics of synthetic staple fibres, containing less than 85% by weight of such fibres, mixed mainly or solely with cottons, of a weight exceeding 170g/sq. m., of polyester staple fibres | 25% or Rs. 180 per kg., whichever is higher | 20% or Rs. 180 per kg., whichever is higher |
| 66. | 5514 30 19 | Other Woven fabrics of synthetic staple fibres, containing less than 85% by weight of such fibres, mixed mainly or solely with cottons, of a weight exceeding 170g/sq. m. | 25% or Rs. 31 per sq. m., whichever is higher | 20% or Rs. 31 per sq. m., whichever is higher |
| 67. | 5514 41 00 | Other Woven fabrics of synthetic staple fibres, containing less than 85% by weight of such fibres, mixed mainly or solely with cottons, of a weight exceeding 170g/sq. m., printed | 25% or Rs. 26 per sq. m., whichever is higher | 20% or Rs. 26 per sq. m., whichever is higher |
| 68. | 5514 42 00 | Other Woven fabrics of synthetic staple fibres, containing less than 85% by weight of such fibres, mixed mainly or solely with cottons, of a weight exceeding 170g/sq. m., 3 thread or 4 thread twill | 25% or Rs. 140 per kg., whichever is higher | 20% or Rs. 140 per kg., whichever is higher |
| 69. | 5514 43 00 | Other woven fabrics of polyester staple fibres | 25% or Rs. 31 per | 20% or Rs. 31 per |
| 70. | sq. m., whichever is higher | sq. m., whichever is higher | ||
| 71. | 5,51,511 | Other woven fabrics of synthetic staple fibres, of polyester staple fibres, mixed mainly or solely with viscose rayon staple fibres | 25% or Rs. 40 per sq. m., whichever is higher | 20% or Rs. 40 per sq. m., whichever is higher |
| 72. | 5,51,512 | Other woven fabrics of synthetic staple fibres, of polyester staple fibres, mixed mainly or solely with | 25% or Rs. 95 per kg., whichever is higher | 20% or Rs. 95 per kg., whichever is higher |
| 73. | 5,51,513 | Other woven fabrics of synthetic staple fibres, of polyester staple fibres, mixed mainly or solely with viscose rayon staple fibres | 25% or Rs. 75 per sq. m., whichever is higher | 20% or Rs. 75 per sq. m., whichever is higher |
| 74. | 5,51,519 | Other woven fabrics of synthetic staple fibres, of polyester staple fibres | 25% or Rs. 45 per sq. m., whichever is higher | 20% or Rs. 45 per sq. m., whichever is higher |
| 75. | 5515 22 10, 5515 22 20 | Other woven fabrics of synthetic staple fibres, of acrylic or modacrylic staple fibres, mixed mainly or solely with wool or fine animal hair, bleached or unbleached | 25% or Rs. 140 per kg., whichever is higher | 10% or Rs. 140 per kg., whichever is higher |
| 76. | 5515 22 30 | Other woven fabrics of synthetic staple fibres, of acrylic or modacrylic staple fibres, mixed mainly or solely with wool or fine animal hair, dyed | 25% or Rs. 140 per kg., whichever is higher | 20% or Rs. 140 per kg., whichever is higher |
| 77. | 5515 22 40 | Other woven fabrics of synthetic staple fibres, of acrylic or modacrylic staple fibres, mixed mainly or solely with wool or fine animal hair, printed | 25% or Rs. 140 per kg., whichever is higher | 10% or Rs. 140 per kg., whichever is higher |
| 78. | 5515 22 90 | Other woven fabrics of synthetic staple fibres, of acrylic or modacrylic staple fibres, mixed mainly or solely with wool or fine animal hair, other | 25% or Rs. 140 per kg., whichever is higher | 20% or Rs. 140 per kg., whichever is higher |
| 79. | 5515 29 10, 5515 29 20 | Other woven fabrics of synthetic staple fibres, of acrylic or modacrylic staple fibres, other, | 25% or Rs. 30 per sq. m., | 10% or Rs. 30 per sq. m., |
| 80. | bleached or unbleached | whichever is higher | whichever is higher | |
| 81. | 5515 29 30, 5515 29 40, 5515 29 90 | Other woven fabrics of synthetic staple fibres, of acrylic or modacrylic staple fibres, other, dyed, printed or other | 25% or Rs. 30 per sq. m., whichever is higher | 20% or Rs. 30 per sq. m., whichever is higher |
| 82. | 5,51,599 | Other woven fabrics of synthetic staple fibres, mixed mainly or solely with man-made filaments | 25% or Rs. 35 per sq. m., whichever is higher | 20% or Rs. 35 per sq. m., whichever is higher |
| 83. | 5,51,611 | Woven fabrics of artificial staple fibres, containing 85% or more by weight of artificial staple fibres, unbleached or bleached | 25% | 20% |
| 84. | 5516 12 00 | Woven fabrics of artificial staple fibres, containing 85% or more by weight of artificial staple fibres, dyed | 25% or Rs. 35 per sq. m., whichever is higher | 20% or Rs. 35 per sq. m., whichever is higher |
| 85. | 5516 13 00 | Woven fabrics of artificial staple fibres, containing 85% or more by weight of artificial staple fibres, of yarns of different colours | 25% or Rs. 40 per sq. m., whichever is higher | 20% or Rs. 40 per sq. m., whichever is higher |
| 86. | 5,51,614 | Woven fabrics of artificial staple fibres, containing 85% or more by weight of artificial staple fibres, printed | 25% or Rs. 12 per sq. m., whichever is higher | 20% or Rs. 12 per sq. m., whichever is higher |
| 87. | 5,51,621 | Woven fabrics of artificial staple fibres, containing less than 85% by weight of artificial staple fibres, unbleached or bleached | 25% | 20% |
| 88. | 5516 24 00 | Woven fabrics of artificial staple fibres, containing less than 85% by weight of artificial staple fibres, printed | 25% or Rs. 12 per sq. m., whichever is higher | 20% or Rs. 12 per sq. m., whichever is higher |
| 89. | 5516 31 10 | Woven fabrics of artificial staple fibres, containing less than 85% by weight of artificial staple fibres, mixed mainly or solely with wool or fine animal hair, unbleached | 25% | 20% |
| 90. | 5516 31 20 | Woven fabrics of artificial staple fibres, containing less than 85% by weight of artificial staple fibres, mixed mainly or solely with wool | 25% | 10% |
| 91. | or fine animal hair, bleached | |||
| 92. | 5516 32 00, 5516 33 00, 5516 34 00 | Woven fabrics of artificial staple fibres, containing less than 85% by weight of artificial staple fibres, mixed mainly or solely with wool or fine animal hair, dyed, of yarns of different colours, printed | 25% | 20% |
| 93. | 5516 41, 5516 42 00 | Woven fabrics of artificial staple fibres, containing less than 85% by weight of artificial staple fibres, mixed mainly or solely with cotton, unbleached, bleached or dyed | 25% | 20% |
| 94. | 5516 43 00, 5516 44 00 | Woven fabrics of artificial staple fibres, containing less than 85% by weight of artificial staple fibres, mixed mainly or solely with cotton, of yarns of different colours, printed | 25% or Rs. 12 per sq. m., whichever is higher | 20% or Rs. 12 per sq. m., whichever is higher |
| 95. | 5516 91 10, 5516 91 20, 5516 92 00 | Woven fabrics of artificial staple fibres, containing less than 85% by weight of artificial staple fibres, other, unbleached, bleached or dyed | 25% | 20% |
| 96. | 5516 93 00 | Woven fabrics of artificial staple fibres, containing less than 85% by weight of artificial staple fibres, other, of yarns of different colours | 25% or Rs. 21 per sq. m., whichever is higher | 20% or Rs. 21 per sq. m., whichever is higher |
| 97. | 5516 94 00 | Woven fabrics of artificial staple fibres, containing less than 85% by weight of artificial staple fibres, other, printed | 25% or Rs. 40 per sq. m., whichever is higher | 20% or Rs. 40 per sq. m., whichever is higher |
| 98. | 5601 21, 5601 22 00, 5601 29 00 | Wadding of textile materials and articles thereof, of cotton | 25% | 10% |
| 99. | 5601 30 00 | Textile flock and dust and mill neps | 25% | 20% |
| 100. | 5602 | Felt, whether or not impregnated, coated, covered or laminated | 25% | 10% |
| 101. | 5603 11 00, 5603 22 00 | Nonwovens of man-made filaments, weighing upto 70g/sq. m. | 25% | 20% |
| 102. | 5603 13 00 | Nonwovens of man-made filaments, weighing more than 70g/sq. m. and less than 150g/sq. m. | 25% | 10% |
| 103. | 5603 14 00 | Nonwovens of man-made filaments, weighing more than 70g/sq. m. | 25% | 20% |
| 104. | 5603 91 00 | Other Nonwovens, weighing not more than 25g/sq. m. | 25% | 10% |
