9911796707
TMI BlogConditions and modalities for registration of contracts of cotton with DGFTX X X X Extracts X X X X X X X X Extracts X X X X ..... t of cotton under ITC(HS) Code 5201,5202 5203 will be done by DGFT and Policy Circular No. 6(RE-2010)/2009-14 dated 16.12.2010, through which it was informed that modalities for registration of contracts will be notified separately. The data for export made from 1/11/2010 to 15/12/2010 is being collected and allocation will made for the balance quantity keeping in view the decision of GoM to limit the export of raw cotton to 55 lakh bales during the cotton season 2010-11. Accordingly, it has been decided to invite applications for grant of registration certificate for export of cotton from 31.12.2010 to 06.01.2011 (till 5.00 PM). 2 All applications for grant of registration certificate shall be sent only through E-mail at cot ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... tificate. Export against such registered contracts shall be completed on or before the date specified in Calendar of events (Specified date will be at least 30 days from date of issuance of RC) (v) Applicants who fail to submit the stipulated documents within prescribed time or where documents are found to be incorrect, that applicant shall be declared ineligible. They will forfeit their right to seek further allocation. Their allocation will then be redistributed amongst other eligible applicants. (vi) Failure to export the allocated quantity within the stipulated time would invite debarment from further allocation. In addition, penal action as per Section 11(2) of the Foreign Trade(D R) Act woul ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... or (In bales, both in figure and words).(Example 10,000 bales, Ten Thousand bales) Line 4 : ITC(HS) Code (Example : 5201) Line 5 : Blank Lines 6-13 : Details of export made on EARCs obtained from Textile Commissioner, Mumbai in October, 2010 Line 6 : Amount for which EARC was obtained. (Example 20,000 bales) Line 7 : EARC Numbers and date. Line 8 : Actual export made on or before 15.12.2010 out of EARC quantity. (Example 20,000 bales) Line 9 : % of such export. (Example 100%) Line 10 : FOB value of such export made.(Example US$ 50,300 ) Line 11 : Destination/Port of export. (Example : Pakistan/ Karachi) Line 12 : Detail of Foreign buyer (Name and Address). Line 13 : Blank Lines 14-19 : ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ncealed or held there from. 2. I / We fully understand that any information furnished in the application if found incorrect or false will render me / us liable for any penal action or other consequences as may be prescribed in law or otherwise warranted. 3. I / We undertake to abide by the provisions of the FT (D R) Act, 1992 , as amended, the Rules and Orders framed there under, FTP, HBP v 1 and HBP v2 and ITC (HS). I also undertake that in the event of non-performance after grant of Registration Certificate for export of cotton by the Directorate General of Foreign Trade, I shall be liable to Penal Action under Section 11(2) of Foreign Trade(Development Regulation) Act, 1992 , (as amended), including debarmen ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... hare which each exporter will be allocated of the total quantity is as below:- (1) Allocation of quantity on pro-rata basis {See para 3(i) of Policy Circular dated 29.12.2010} Exporter Quantity applied in bales Quantity allotted in bales A 1,00,000 10,000 + 1,111.11= 11,111.11 B 1,50,000 15,000+ 1666.66= 16,666.66 C 2,00,000 20,000+ 2,222.23= 22,222.23 D 2,50,000 25,000 E 3,00,000 25,000* Total 10,00,000 1,00,000 * The maximum ceiling is say 25,000 bales. Therefore, applicant E does not get 10% of quantity applied for(10% of 3,00,000 is 30,000, which is more than the prescribed ce ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... tional allocation (in bales) A 11,111.11 22.22% 3,055.25 B 16,666.66 33.33% 4,582.87 C 22,222.23 44.45% 6,111.87 Total 50,000.00 100.00% 13,750.00 (3) Allocation after re-distribution of disallowed quantity Exporter Allocation of quota (in bales) Final allocation A 11,111.11 + 3,055.25 14,166.36 B 16,666.66 + 4,582.87 21,249.53 C 22,222.23 + 6,111.87 25,000.00** D 25,000.00 - 6,250.00 18,750.00 E 25,000.00 - 7,500.00 17,500.00 96,665.89 ** (For C, the total quantity comes to more than ..... X X X X Extracts X X X X X X X X Extracts X X X X
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