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: [email protected]
(Issued from F.No.01/91/180/1194/AM10/Export Cell)
