Removal of restriction on export of cotton yarn. - 40 (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. 40 (RE-2010)/2009-14 New Delhi, Dated 31 st March, 2011 Subject: Removal of restriction on export of cotton yarn. S.O. 674(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: [email protected] (Issued from File No.01/91/180/1843/AM11/Export Cell)