The payment period for importing raw materials and agricultural inputs has been extended from 180 days to 360 days, offering greater flexibility in managing working capital and cash flow. This policy change is expected to benefit businesses by providing additional time to settle payments, encouraging smoother import operations. For the footwear, leather, and allied sectors, this extension will ease financial pressures, particularly for manufacturers importing raw materials like leather and chemicals, and support more efficient production cycles. It’s a positive move that can foster growth and stability in these industries