Policy for export of cotton with effect from 1st October,2011
- Monday, September 12, 2011, 10:20
- DGFT
- Notification
Notification No. 74 (RE-2010)/2009-14, New Delhi, Dated 12th September, 2011
Subject:- Policy for export of cotton with effect from 1st October,2011.
S.O. (E) In exercise of the powers conferred by Section 5 of the Foreign Trade (Development & Regulation) Act, 1992 (No.22 of 1992) read with Para 2.1 of the Foreign Trade Policy, 2009-14, the Central Government hereby makes the following amendments in respect of Sl. No. 161 A { ITC(HS) Classification} in the Notification No. 12(RE-2010)/2009-14 dated 16.12.2010 read with Notification No. 62(RE-2010)/2009-14 dated 02.08.2011 :-
2. The entries against Sl. No. 161 A in Chapter 52 of ITC(HS) Classification} are substituted as follows:-
Chapter 52
| S. No. | Item Tariff Code | Unit | Item Description | Export Policy | Nature of Restriction |
| 161 A | 5201 | Cotton, not carded or combed | Free | Prior registration of contracts with DGFT. Other conditions as at Para 3 below. | |
| 5203 | Cotton, carded or combed | Free | Prior registration of
contracts with DGFT. Other conditions as at Para 3 below. |
3. The procedure stipulated in Notification No. 63(RE-2010)/2009-14 dated 04.08.2011 for (i) Obtaining Registration Certificate (RC) for Export of Cotton [ITC (HS) Code 5201 & 5203] (ii) Time to Export (Validity of RC) and (iii) Procedure for reporting, shall continue to apply. Only condition regarding performance Bank Guarantee, wherever it appears, in Notification No. 63(RE-2010)/2009-14 dated 04.08.2011 will not apply now.
4. This will come into effect from 01.10.2011.
5. Effect of this notification:
Export of cotton [ITC(HS) Codes 5201 & 5203] will continue to be free subject to registration of contracts with DGFT. Performance guarantee (as was given in Notification No. 63 of 04.08.2011) will no longer be required.
(Anup K. Pujari)
Director General of Foreign Trade
e-mail: dgft@nic.in
(Issued from F.No.01/91/180/1194/AM10/Export Cell)
Related posts:
- Exemption for export of cotton waste including yarn waste and garneted stock [ITC (HS) Code 5202] from the quantity restriction on export of cotton during Cotton Season, 2010-11
- Restriction on export of Cotton yarn- Exemption for export of cotton yarn manufactured out of imported raw material
- DGFT- Quantity restriction of 55 lakh bales on export of cotton during Cotton Season, 2010-11- Exemption for export of 5000 bales of Assam Comilla cotton
- Restriction on export of Cotton yarn -DGFT Policy Circular No. 20 (RE-2010)/2009-14
- Exporter can now obtain more than one RC for export of cotton during current cotton year 2010-11 (up to 30th September 2011)
