Confederation of Indian Textile Industry (CITI) chairman Rakesh Mehra has welcomed the GST Council’s correction of inverted duty in the MMF value chain, aligning fibre and yarn at 5 per cent from 18 and 12 per cent.
He said this will ease liquidity, resolve working capital blockages, and boost competitiveness for thousands of spinners and MSMEs.
The new rates take effect September 22, 2025.