Government of India
Ministry of Commerce & Industry
Department of Commerce
Udyog Bhawan
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 :-
- 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. |
- 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.
- This will come into effect from 01.10.2011.
- 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)