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According to foreign media reports, the government of Punjab, a cotton region in northern India, has recently imposed a 1% agricultural product sales price tax, which has sparked dissatisfaction among local ginning factories. Many of these companies have decided to refuse to purchase new cotton and have started an indefinite strike until the government revokes the tax decision. In 2010, the state implemented a tax policy, which was officially abolished in 2014. Due to poor enforcement and effectiveness, businesses such as traders, ginners, and textile mills did not fully comply with their tax obligations during this period. The government now hopes to re levy taxes to recover the unpaid taxes from taxpayers during these years. Prior to the release of this news, the daily arrival volume of new cotton in the local area was approximately 510 tons of lint cotton. However, due to the impact of the strike, the progress of its listing was basically stagnant. If the strike continues, cotton farmers may plan to transport seed cotton to neighboring states such as Haryana or Rajasthan for sale.(Original text from official account - China Cotton Association)+

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