Restriction on export of cotton yarn – regarding - 14(RE-2010)/2009-14 - Foreign Trade Policy

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. 14(RE-2010)/2009-14 New Delhi, Dated 22 nd December, 2010 Subject: Restriction on export of cotton yarn - regarding 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 B {ITC(HS) Classification} in the Notification No. 38/2009-14 dated 09.04.2010. 2. The existing entries of Notification No. 38/2009-14 dated 09.04.2010 are substituted as follows with effect from 01.12.2010:- S.No. Tariff Item Code Unit Item of Description Export Policy Nature of Restriction 161B 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. Transitional Arrangement :- (i) The Transitional Arrangements as available under para 1.4 1.5 of FTP, 2009-14 will not be applicable to the export of Cotton Yarn, under this notification. (ii) However, Exporters who have obtained Registration Certificate from Textile Commissioner, Mumbai 1 [ on or 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. (iii) If the validity of such registered contract has expired then the registered contract holder will have no right to export under such registered contract. 4. The effect of this notification:- The export of cotton yarn (Tariff Codes 5205, 5206 5207) was earlier subject to registration of export contracts with Textile Commissioner, Mumbai. Now, the export of cotton yarn has been restricted and export will now be permitted under licence. Sd/- (Anup K. Pujari) Director General of Foreign Trade E-mail: [email protected] (Issued from File No.01/91/180/1194/AM10/Export Cell) -------------------------------------------------- Notes:- 1. Corrected vide Notification No.15(RE-2010)/2009-14, dated 29/12/2010, before it was read as:- before 1 st December, 2010 2. Substituted vide Notification No. 31(RE-2010)/2009-14, dated 10/03/2011 , before it was read as:- Export permitted under licence. Further Substituted vide Notification No. 40 (RE-2010)/2009-14, dated 31/03/2011, before it was read as :- S.No. Tariff Item Code Unit Item of Description Export Policy Nature of Restriction 161B 5205 Cotton yarn (other than sewing thread), containing 85% or more by weight of cotton not put up for retail sale Restricted 2 [ Export permitted under licence subject to a quantity limit of 720 million Kgs during the Fiscal Year 2010-11 (i.e. upto 31.03.2011) or as notified by DGFT from time to time ] 5206 Cotton yarn (other than sewing thread), containing less than 85% by weight of cotton not put up for retail sale 5207 Cotton yarn (other than sewing thread), put up for retail sale