Exemption for export of cotton waste including yarn waste and garneted stock [ITC (HS) Code 5202] from the quantity restriction on export of cotton during Cotton Season, 2010-11. - 58(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. 58(RE-2010)/2009-14 New Delhi, dated 1 st July, 2011 Subject: Exemption for export of cotton waste including yarn waste and garneted stock [ITC (HS) Code 5202] from the quantity restriction on export of cotton during Cotton Season, 2010-11. 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 amends Notification No. 57 (RE-2010)/2009-14 dated 09.06.2011 read with Notification No. 32(RE-2010)/2009-14 dated 14.03.2011 and Notification No. 12(RE-2010)/2009-14 dated 16.12.2010. 2. Notification No. 12(RE-2010)/2009-14 dated 16.12.2010 stipulated that export of cotton under chapter 52, serial number 161 A (Tariff codes 5201, 5202 and 5203) of ITC (HS) classification of export and import items, will be free . In this notification, nature of restrictions against all the three codes was that the contracts for export of cotton shall be registered with the Directorate General of Foreign Trade prior to shipment. Clearance of cotton consignments by customs should be after verifying that the contracts have been registered . The Nature of Restrictions as appearing in Notification No. 12(RE-2010)/2009-14 dated 16.12.2010 was amended through Notification No. 32(RE-2010)/2009-14 dated 14.03.2011. In the nature of restrictions it was added that export of cotton for the cotton season 2010-11 (upto 30.09.2011) will be subject to a cap of 55 lakh bales or as notified by DGFT from time to time. Subsequently, through Notification No. 57 (RE-2010)/2009-14 dated 09.06.2011, the cap on export of cotton for the cotton season 2010-11 (upto 30.09.2011) was raised to 65 lakh bales, thereby allowing export of additional 10 lakh bales of cotton, upto 30.09.2011. 3. It has been decided that the cap of additional 10 lakh bales, on export of cotton during the cotton season 2010-11 (upto 30.09.2011), will apply only to Tariff codes 5201 and 5203. This cap shall not apply to export of cotton waste including yarn waste and garneted stock(Tariff code 5202). 4. The effect of this notification:- Cap of 10 lakh bales will not be applicable to export of cotton waste including yarn waste and garneted stock [ITC(HS) Code 5202]. However, condition regarding registration of contracts with DGFT will continue to apply. (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