5% (without input credit) to 2%/1
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YTD market share in USD terms increased 2ppt YoY to 50% for cotton sheets, driven by volume growth of 4%, while YTD market share for towels remained flat at 40%. Under the GST regime, duty drawback on cotton made ups and cotton yarn has been revised from 7.3%/2.5% (without input credit) to 2%/1.2% (with input credit), respectively. The Merchandise Export from India Scheme (MEIS) rate has been increased from 2% to 4%.
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