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.  40 (RE-2010)/2009-14

New Delhi, Dated  31st  March, 2011 

Subject: Removal of restriction on export of cotton yarn.

 

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 amends Notification  No. 14(RE-2010) dated 22.12.2010 relating to export of Cotton Yarn with effect from 01.04.2011.

 

2.       The entries of Table in Para 2 of Notification No. 14(RE-2010) dated 22.12.2010 will now read as follows:-

 

S. No.

Tariff Item Code

Unit

Item of Description

Export Policy

Nature of Restriction

161 B

5205

 

 Kgs

Cotton yarn (other than sewing thread), containing 85% or more by weight of cotton not put up for retail sale

Free 

 

 

 

 

The contracts for export of cotton yarn shall be registered with the Directorate General of Foreign Trade prior to shipment. Clearance of cotton yarn consignments shall be given by Customs after verifying that the contracts have been registered.

 

 

5206

 Kgs

Cotton yarn (other than sewing thread), containing less than 85%  by weight of cotton not put up for retail sale

 

5207

 Kgs

Cotton yarn (other than sewing thread), put up for retail sale

 

 3.       The effect of this notification:-

         

The export of cotton yarn (Tariff Codes 5205, 5206 & 5207) was earlier “Restricted” with export allowed against licence.  Now,  the export of cotton yarn is “Free” subject to registration of export contracts with DGFT.

 

 

 (Anup K. Pujari)

Director General of Foreign Trade

E-mail: dgft@nic.in

 (Issued from File No.01/91/180/1843/AM11/Export Cell)