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 ..... 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 [email protected] in the prescribed format as per Annexure-1 of this Policy Circular. 3. Allocation ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... o 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 would be initiated. For ready reference Section 11(2) is extracted below:- "11(2). Where any person makes or abets or attempts to make any export or import in contravention of any provisions of this Act or any rules or order made thereunder or the Foreign Trade Po ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 : Any information that the applicant wishes to submit. Lines 20-30 : Details of Applicant Line 20 : Name of the Applicant (in whose name IEC has been issued) (Example : ABC Exports) Line 21 : l Exact Postal Address Line 22 : l (Example: D-402, 1st Floor, Karim Nagar, New Delhi- 110010) Line 23 : l L ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 debarment from future allocations. 4. I hereby certify that I am authorised to verify and sign this declaration. Signature of the Applicant Place Name Date Designation Official Address Telephone No. Cell Phone No. Fax No. Email Residential Address _________________________________________________________________________ Note 2 : Required documents for submission by eligible applicants for obtaining RC (In addition to documents presc ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... The balance quantity of 5,000 bales has been distributed in proportion to the applied quantity among A, B & C. 2A. Calculation for disincentivisation due to non-performance against EARCs obtained from Textile Commissioner, Mumbai during October, 2010{See para 3(ii) of Policy Circular dated 29.12.2010} Exporter Quantity allotted (in bales) Percentage of non-performance Disallowed quantity in bales A 11,111.11 -- B 16,666.66 -- C 22,222.23 -- D 25,000.00 25% 6,250 E 25,000.00 30% 7,500 Total 1,00,000.00 13,750 Note: (1) Exporter A, B & C either exported 100% of the quantity for which they had obtained EARCs from Textiles Commissioner, Mumbai in October, 2010, or they had not obtained any such EARC. ………conti ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
