9911796707
TMI BlogConditions and modalities for registration of contracts for additional quantity of 10 lakh bales(1,70,000 MTs ) of cotton with DGFT.X X X X Extracts X X X X X X X X Extracts X X X X ..... cy, 2009-14 , as amended from time to time, the Director General of Foreign Trade hereby notifies the following procedure for export of 10 lakh bales (1,70, 000 MTs) of cotton. Notification No. 57(RE-2010)/2009-2014 dated 9 th June, 2011 has now permitted export of 65 lakh bales of cotton during the current Cotton Year 2010-11 (01.10.2010 to 30.09.2011) subject to registration of contracts with Directorate General of Foreign Trade for export of cotton under ITC(HS) Code 5201 5203. 2. Out of the above quantity of 65 lakh bales, allocation of 55 lakh bales has already been made by the Textile Commissioner, Mumbai in October, 2010 and subsequently by DGFT in January, 2011. Accordingly, for balance export of 10 lakh bales (1,70,0 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e of Registration Certificate: (a) Copy of Export Contract along with A copy of confirmed and irrevocable Letter of Credit (LC). (It may be noted that once LC is opened in the name of a particular firm, the same cannot be transferred or amended in the name of other firm), or FIRC from Bank showing receipt of remittance from the concerned foreign buyer as proof of having received 100% Advance Payment or a minimum of 25% Advance Payment and balance Cash Against Delivery(CAD), (b) Declaration/Undertaking in the format given in Annexure-II, on the letter head of the firm (c) Copy of IEC These documents would need to be submitted within period specified in Annexure-III. 6. Issue of Registration Cer ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... travention is made or attempted to be made, whichever is more. 10. Calendar of events Calendar for process of applications, issue of RC and export is provided in Annexure-III 11. Effect of this Public Notice: Through Notification No.57 of 09.06.2011, the cap on export of cotton in the current cotton year has been increased to 65 lakh bales from 55 lakh bales. For allocation of this additional quantity of 10 lakh bales, the above procedure has been prescribed. (Anup K. Pujari) Director General of Foreign Trade Email: [email protected] (Issued from F. No. 01/91/180/1194/AM10/Export Cell) Annexure-I to Public Notice No.(RE-2010)/2009-14 Dated June, 2011 SAMPLE FORMAT FOR SENDING APPLIC ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Line 23 : Name of the authorized person sending the application (Example : Ashok Bhalla) Line 24 : Phone No of the authorized person (Landline Cell phone) _____________________________________________________________ End of E-mail _____________________________________________________________ Note 1 : After allocation, eligible applicant shall submit hard copies of above application, duly signed by authorized person along with declaration on the official letter head of applicant firm as per Annexure II. Annexure-II to Public Notice No.(RE-2010)/2009-14 Dated June, 2011 DECLARATION / UNDERTAKING 1. I / We hereby declare that the particulars and the statements made in this application are true and ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... d and irrevocable Letter of Credit(LC), or (ii) FIRC from Bank showing receipt of remittance from the concerned foreign buyer as proof of having received 100% Advance Payment or (iii) a minimum of 25% Advance Payment and balance Cash Against Delivery(CAD). (b) Copy of IEC (c) Self-declaration countersigned by a Chartered Accountant evidencing quantity of cotton exported in each of the two previous Cotton Years, 2008-09 and 2009-10 Annexure- III to Public Notice No.(RE-2010)/2009-14 Dated June, 2011 CALENDAR OF EVENTS 1. Public Notice to be issued on Friday, 17 th June, 2011 2 Receipt of Application Start Date: Close Date: 1200 hours, Monday 20 th June, 2011 ..... X X X X Extracts X X X X X X X X Extracts X X X X
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