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Madras HC stays exemption of QCO for PSF, next hearing on Oct 31

The Association of Synthetic Fibre Industry (ASFI) has filed a review petition challenging the previous order issued by a single judge bench of the same court. Sree Kaderi Ambal Mills, a Madurai-based yarn manufacturing company, had requested the court for a six-month exemption from the mandatory QCO on PSF imports from foreign suppliers. The court had initially granted a three-month exemption, which ASFI contested. 

Following the opening arguments, the higher bench of the high court has suspended the exemption until October **. During this time, the court will thoroughly examine the matter. The court has also summoned the ministries of textile, and chemical & fertilizers and Bureau of Indian Standard (BIS) which played a role in this issue.