NOTIFICATION NO. 74/2010, DT. 12/09/2011
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. 161A in Chapter 52 of ITC(HS) Classification} are substituted as follows:-
Chapter 52
|
S. No. |
Item Tariff Code |
Unit |
Item Description |
Export Policy |
Nature of Restriction |
|
161A |
5201 |
|
Cotton, not carded nor combed |
Prohibited |
Not permitted to be exported. |
|
5203 |
|
Cotton, carded or combed |
Prohibited |
Not permitted to be exported. |
(Above entries against Sl. No. 161A has been substituted vide NOTIFICATION NO. 102/2010, DT. 05/03/2012)
[OLD-
|
S. No. |
Item Tariff Code |
Unit |
Item Description |
Export Policy |
Nature of Restriction |
|
161A |
5201 |
|
Cotton, not carded or combed |
Free |
Prior registration of contracts with DGFT. Other conditions as at Para 3 below. |
|
5203 |
|
Cotton, carded or combed |
Free |
Prior registration of contracts with DGFT. Other conditions as at Para 3 below.] |
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.
(Pl. refer NOTIFICATION NO. 114/2010, DT. 04/05/2012 Permission to The Cotton Corporation of India Ltd. for export of cotton (Tariff Codes 5201 and 5203) during the cotton season 2011-12)
(Anup K. Pujari)
Director General of Foreign Trade
e-mail: dgft@nic.in
(Issued from F.No.01/91/180/1194/AM10/Export Cell)
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