| 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 12th September, 2011 |
Subject:- Policy for export of cotton with effect from 1st 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
Cotton
|
S. No. |
Tariff Item Code |
Unit |
Item of Description |
Export Policy |
Nature of Restriction |
|
161 A |
5201 |
|
Cotton, not carded or combed |
Free |
Prior registration of contracts with |
|
|
5203 |
|
Cotton, carded or combed |
Free |
Prior registration of |
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.
| (Pravir Kumar) |
| Director General of Foreign Trade |
| E-mail: dgft@nic.in |
|
(Issued from File No. 01/91/180/1843/AM11/Export Cell) |