Filter Posts

Reset
Found 51 Results

Roll Back of Ban on Cotton Exports – Anand Sharma meets MPs on the issue of Cotton

Roll Back of Ban on Cotton Exports The Cotton Budget for the cotton year 2011-12 was prepared by the Cotton Advisory Board. In arriving at a Cotton Export Policy a balanced perspective is taken, carefully addressing the interests of all stakeholders including farmers, traders, yarn producers and the apparel industry. ...

Read More
Posted Under: DGFT |

India Exempts Essential Commodities to Bhutan from Export Bans

Bhutan has expressed happiness over acceptance of their request of exemption from application of any export bans on essential commodities. The Minister of Commerce, Industry and Textiles, Shri Anand Sharma, during his meeting with Mr. Lyonpo Khandu Wangchuk, Minister for Economic Affairs of Bhutan ,here today, informed that Director Gene...

Read More
Posted Under: DGFT |

Govt reduces MEP of Non-basmati Rice to Boost Export

The EGoM in its meeting held on 9.2.2011 permitted the export of 1,00,000 MTs of Sona Masuri (from Chennai & Vishakhapatnam port), 25,000 MTs of Ponni Samba (from Tuticorin port) and 25,000 MTs of Matta rice (from Kochin port) which was notified through notification no. 21 dated 10.2.2011 and Public Notice No. 36 of 1.3.2011. A Minimum Ex...

Read More
Posted Under: DGFT |

Govt. Announces Sops / Incentives for the Textiles Industry

Focus Product Scheme - The list of items under FPS has been expanded to include 130 additional items. These items are mainly in the sectors of Chemical/ Pharmaceuticals, Textiles, handicrafts, Engineering and electronics sector. Textile items like polyester textured yarn, fully drawn yarn of polyester, viscose rayon type yarn, polyester ...

Read More
Posted Under: DGFT |

Conditions fo Export of Non-Basmati Rice

The conditions for export were prior registration of contracts with DGFT on a first-come-first-served basis subject to: (i) Export shall be made from privately held stocks. (ii) Applications for allotment must be accompanied with irrevocable and confirmed letter of credit , (iii) An applicant must submit a performance bank guarantee(BG),...

Read More
Posted Under: DGFT |

Update on Export of Non-Basmati Rice

GFT has notified all the conditions approved by EGOM and it was decided to first call for intent to export through e-mail for shortlisting of the successful allottees by applying a cut whenever the quantity of 10 lakh MTs is exhausted on a first come first served basis. A wait list of applicants will also be maintained in case any of the ...

Read More
Posted Under: DGFT |

Delhi HC extends stay on non-basmati rice export

The Delhi High Court on Wednesday extended the stay on export of non-basmati rice after several firms appealed in the court to be made party to the suit, challenging the licences to 82 exporters by the government,alleging lack of transparency in quota allocation process. A Bench of Justice S K Kaul and Justice Rajiv Shakdhar while extendi...

Read More
Posted Under: DGFT |

Lifting Ban on Export of Non-Basmati Rice

The Empowered Group of Ministers (EGOM) has allowed the export of 10 lakh tons of non-basmati rice, subject to a Minimum Export Price(MEP) of USD 400 per Ton, in its meeting held on 11th July, 2011. It was also decided that the export of non-basmati rice would be done by private parties from privately held stocks on purely commercial basi...

Read More
Posted Under: DGFT |

Anand Sharma Restores DEPB Benefits for Cotton and Cotton Yarn

The Union Minister of Commerce, Industry and Textiles Shri Anand Sharma has restored the DEPB benefits for cotton yarn from 1st April, 2011 and on Cotton from 1st October, 2010. The Minister said here today, I have taken a composite review of the cotton and cotton yarn industry over the last few days. Both of these segments have f...

Read More
Posted Under: DGFT |

Govt allows exports of one million tonnes of basmati rice

The government today allowed exports of one million tonnes of non-basmati rice, lifting an over three-year old ban, in the wake of overflowing godowns. The decision to this effect was taken by an Empowered Group of Ministers (EGoM) headed by Finance Minister Pranab Mukherjee....

Read More
Posted Under: DGFT |