Notification No. 14(RE-2010)/2009-14, New Delhi, Dated 22nd December, 2010
Subject: Restriction on export of cotton yarn-regarding
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 B {ITC(HS) Classification} in the Notification No. 38/2009-14 dated 09.04.2010.
2. The existing entries of Notification No. 38/2009-14 dated 09.04.2010 are substituted as follows with effect from 01.12.2010:-
| S.
No. |
Tariff
Item Code |
Unit | Item of Description | Export Policy | Nature
of Restriction |
| 161 B | 5205 | Cotton yarn (other than sewing thread), containing 85% or more by weight of cotton not put up for retail sale | Restricted | Export permitted under licence. | |
| 5206 | Cotton yarn (other than sewing thread), containing less than 85% by weight of cotton not put up for retail sale | ||||
| 5207 | Cotton yarn (other than sewing thread), put up for retail sale |
3. Transitional Arrangement :-
(i) The Transitional Arrangements as available under para 1.4 & 1.5 of FTP, 2009-14 will not be applicable to the export of Cotton Yarn, under this notification.
(ii) However, Exporters who have obtained Registration Certificate from Textile Commissioner, Mumbai before 1st December, 2010 would be permitted to export Cotton Yarn within the quantity limit for which such registration certificate has been issued and within the validity of such registered contract.
(iii) If the validity of such registered contract has expired then the registered contract holder will have no right to export under such registered contract.
4. The effect of this notification:-
The export of cotton yarn (Tariff Codes 5205, 5206 & 5207) was earlier subject to registration of export contracts with Textile Commissioner, Mumbai. Now, the export of cotton yarn has been restricted and export will now be permitted under licence.
Sd/-
(Anup K. Pujari)
Director General of Foreign Trade
E-mail: dgft@nic.in
(Issued from File No.01/91/180/1194/AM10/Export Cell)
