Quantity restriction of 65 lakh bales on export of cotton during Cotton Season, 2010-11. - 57 (RE-2010)/2009-14 - Foreign Trade Policy

To be published in the Gazette of India Extraordinary Part 2 Section 3 Sub-Section(ii) Government of India Ministry of Commerce Industry Department of Commerce Udyog Bhawan Notification No. 57 (RE-2010)/2009-14 New Delhi, dated 9 th June, 2011 Subject: Quantity restriction of 65 lakh bales on export of cotton during Cotton Season, 2010-11. S.O. 1350(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 amends the Nature of Restriction as appearing in para 2 of Notification No. 32(RE-2010)/2009-14 dated 14.03.2011 read with Notification No. 12(RE-2010)/2009-14 dated 16.12.2010, as under:. Nature of Restriction The contracts for export of cotton shall be registered with the Directorate General of Foreign Trade prior to shipment. During the Cotton Season, 2010-11(upto 30.09.2011) the export of cotton will be subject to a cap of 65 lakh bales or as notified by DGFT from time to time. Clearance of cotton consignments by Customs should be after verifying that the contracts have been registered. 2. The effect of this notification:- Cap on export of cotton during the current Cotton Season is increased to 65 lakh bales from 55 lakh bales as was notified earlier. Other conditions remain unchanged. (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 .The cap on export of cotton [ITC (HS) Code 5201 5203] has been removed. However, condition regarding registration of contracts with DGFT would continue to apply. A new procedure of registration is being separately notified for export of Cotton [ITC (HS) Code 5201 5203]. In respect of cotton waste including yarn waste and garneted stock [ITC (HS) Code 5202] there is no change even in the procedure to obtain registration. Also See the Notification No. 62 (RE-2010)/2009-2014, dated 02/08/2011