Government of India
Ministry of Commerce & Industry
Directorate General of Foreign Trade
Udyog Bhavan, New Delhi-110011
Policy Circular No. 07(RE-2010)/2009-14
Dated: 22.12.2010
To
All Regional Authorities,
All Custom Authorities
Sub: Conditions and modalities for applications
for grant of export licence for export of Cotton Yarn- regarding.
It has been decided in the meeting of Group of Ministers(GoM) on 21.12.2010
that for the present, 720 million Kgs. of Cotton Yarn is to be allowed for
export during the year 2010-11(i.e. upto 31.03.2011).
- Accordingly,
Notification No. 14(RE-2010)/2009-14 dt. 22.12.2010 has been
issued today, stipulating that henceforth export of cotton yarn will be
restricted and will be allowed to be exported under licence. 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. The data for the quantity that
has already been exported in 2010-11 is being collected. The representations
received to review the extent of exportable surplus are also being examined.
- Exact modalities for submitting applications for grant of export licence
would be notified once the quantity of exports already made has been ascertained
and the extent of exportable surplus has been reassessed.
- This issues with the approval of Director General of Foreign Trade.
Sd/-
(Hardeep Singh)
Joint Director General of Foreign Trade
Email: hardeep.singh@nic.in
(Issued from F.No. F.No.01/91/180/1194/AM-11/Export Cell)