Policy for export of cotton with effect from 1st October,2011. - 74 (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. 74 (RE-2010)/2009-14 New Delhi, Dated 12 th September, 2011 Subject:- Policy for export of cotton with effect from 1 st October,2011. 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 A { ITC(HS) Classification} in the Notification No. 12(RE-2010)/2009-14 dated 16.12.2010 read with Notification No. 62(RE-2010)/2009-14 dated 02.08.2011 :- 2. The entries against Sl. No. 161 A in Chapter 52 of ITC(HS) Classification} are substituted as follows:- Chapter 52 S. No. Item Tariff Code Unit Item Description Export policy Nature of Restriction 161 A 5201 Cotton, not carded nor combed Free Prior registration of contracts with DGFT 5203 Cotton, carded or combed Free Prior registration of contracts with DGFT 3. The procedure stipulated in Notification No. 63(RE-2010)/2009-14 dated 04.08.2011 for (i) Obtaining Registration Certificate (RC) for Export of Cotton [ITC (HS) Code 5201 5203] (ii) Time to Export (Validity of RC) and (iii) Procedure for reporting, shall continue to apply. Only condition regarding performance Bank Guarantee, wherever it appears, in Notification No. 63(RE-2010)/2009-14 dated 04.08.2011 will not apply now. 4. This will come into effect from 01.10.2011. 5. Effect of this notification: Export of cotton [ITC(HS) Codes 5201 5203] will continue to be free subject to registration of contracts with DGFT. Performance guarantee (as was given in Notification No. 63 of 04.08.2011) will no longer be required. (Anup K. Pujari) Director General of Foreign Trade e-mail: [email protected] (Issued from F.No.01/91/180/1194/AM10/Export Cell) --------------------------------------------------- Notes:- 1. Substituted vide Notification No. 102 (RE-2010)/2009-14, dated 05/03/2012, before it was read as:- S. No. Item Tariff Code Unit Item Description Export Policy Nature of Restriction 161 A 5201 Cotton, not carded or combed Free Prior registration of contracts with DGFT. Other conditions as at Para 3 below. 5203 Cotton, carded or combed Free Prior registration of contracts with DGFT. Other conditions as at Para 3 below. Further Amended vide Notification No. 106 (RE-2010)/2009-14, dated 12/03/2012, before it was read as:- S. No. Item Tariff Code Unit Item Description Export Policy Nature of Restriction 161 A 5201 Cotton, not carded nor combed Prohibited Not permitted to be exported. 5203 Cotton, carded or combed Prohibited Not permitted to be exported.