After the removal of QCOs on the MMF value chain, NITMA has urged the Indian government to correct the inverted duty structure on PSF and PSY under the revised AITIGA.
PSF attracts 5.5 per cent duty, while PSY enters duty-free, making domestic mills uncompetitive.
Imports have risen sharply, and NITMA says parity would revive capacity, boost jobs and support India’s textile growth targets.