To be published in the Gazette of India Extraordinary Part II Section 3, Sub Section (ii)

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 :-

 

2.          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.

 

3.       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.

 

4.             This will come into effect from 01.10.2011.

 

5.             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: dgft@nic.in

 

(Issued from F.No.01/91/180/1194/AM10/Export Cell)