Government of India, Ministry of Commerce & Industry, Department of Commerce, Udyog Bhawan
Notification No. 40 (RE-2010)/2009-14, New Delhi, Dated 31st March, 2011
Subject: Removal of restriction on export of cotton yarn.
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 amends Notification No. 14(RE-2010) dated 22.12.2010 relating to export of Cotton Yarn with effect from 01.04.2011.
2. The entries of Table in Para 2 of Notification No. 14(RE-2010) dated 22.12.2010 will now read as follows:-
|S. No.||Tariff Item Code||Unit||Item of Description||Export Policy||Nature of Restriction|
|Kgs||Cotton yarn (other than sewing thread), containing 85% or more by weight of cotton not put up for retail sale||Free
|The contracts for export of cotton yarn shall be registered with the Directorate General of Foreign Trade prior to shipment. Clearance of cotton yarn consignments shall be given by Customs after verifying that the contracts have been registered.
|5206||Kgs||Cotton yarn (other than sewing thread), containing less than 85% by weight of cotton not put up for retail sale|
|5207||Kgs||Cotton yarn (other than sewing thread), put up for retail sale|
3. The effect of this notification:-
The export of cotton yarn (Tariff Codes 5205, 5206 & 5207) was earlier “Restricted” with export allowed against licence. Now, the export of cotton yarn is “Free” subject to registration of export contracts with DGFT.
(Anup K. Pujari)
Director General of Foreign Trade
E-mail: [email protected]
(Issued from File No.01/91/180/1843/AM11/Export Cell)