Government of India
Ministry of Commerce & Industry
Department of Commerce
Directorate General of Foreign Trade
Udyog Bhavan, New Delhi.
Policy Circular No. 38 (RE-2010)/2009-14 Dated
the 10th August, 2011
To
All Customs Authorities / All Regional Authorities / Members of Trade.
Subject:- Conditions and modalities for registration of contracts of cotton
yarn with DGFT- relaxation of – 5% by weight in export of cotton yarn.
Through
Policy Circular No. 27 (RE-2010)/2009-14 Dated the 1st April, 2011,
conditions and modalities for registration of contracts of cotton yarn with the
Regional Authorities of DGFT were notified.
- This office has received representations from Trade Bodies seeking exemption
from penalty and placing in defaulters list in case of variation in export
weight due to various reasons.
- It has been decided that a variation of – 5% in weight against Registration
Certificates issued for export of cotton yarn shall be allowed. Thus a variation
of – 5% in weight in exports of cotton yarn against registered contracts shall
not be treated as default for the purpose of imposition of penalty or debarment
from future registrations.
- This issues with the approval of Director General of Foreign Trade.
(Hardeep Singh)
Joint Director General of Foreign Trade
Email: [email protected]
(Issued from F.No 01/91/180/1843/AM11/Export Cell)