Government of India
Ministry of Commerce & Industry
Department of Commerce
Udyog Bhawan
Notification No. 58(RE-2010)/2009-14
New Delhi, dated 1st July, 2011
Subject: Exemption for export of cotton waste including yarn waste and garneted
stock [ITC (HS) Code 5202] from the quantity restriction on export of cotton
during Cotton Season, 2010-11.
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 amends
Notification
No. 57 (RE-2010)/2009-14 dated 09.06.2011 read with
Notification No.
32(RE-2010)/2009-14 dated 14.03.2011 and
Notification No. 12(RE-2010)/2009-14
dated 16.12.2010.
-
Notification No. 12(RE-2010)/2009-14 dated 16.12.2010 stipulated that export
of cotton under chapter 52, serial number 161 A (Tariff codes 5201, 5202 and
5203) of ITC (HS) classification of export and import items, will be “free”. In
this notification, nature of restrictions against all the three codes was that
“the contracts for export of cotton shall be registered with the Directorate
General of Foreign Trade prior to shipment. Clearance of cotton consignments by
customs should be after verifying that the contracts have been registered”. The
“Nature of Restrictions” as appearing in
Notification No. 12(RE-2010)/2009-14
dated 16.12.2010 was amended through
Notification No. 32(RE-2010)/2009-14 dated
14.03.2011. In the nature of restrictions it was added that export of cotton for
the cotton season 2010-11 (upto 30.09.2011) will be subject to a cap of 55 lakh
bales or as notified by DGFT from time to time. Subsequently, through
Notification No. 57 (RE-2010)/2009-14 dated 09.06.2011, the cap on export of
cotton for the cotton season 2010-11 (upto 30.09.2011) was raised to 65 lakh
bales, thereby allowing export of additional 10 lakh bales of cotton, upto
30.09.2011.
- It has been decided that the cap of additional 10 lakh bales, on export of
cotton during the cotton season 2010-11 (upto 30.09.2011), will apply only to
Tariff codes 5201 and 5203. This cap shall not apply to export of cotton waste
including yarn waste and garneted stock(Tariff code 5202).
- The effect of this notification:-
Cap of 10 lakh bales will not be applicable to export of cotton waste including
yarn waste and garneted stock [ITC(HS) Code 5202]. However, condition regarding
registration of contracts with DGFT will continue to apply.
(Anup K. Pujari)
Director General of Foreign Trade
E-mail: [email protected]
(Issued from File No.01/91/180/1194/AM10/Export Cell)