Permission for registration of contracts for export of cotton (Tariff Codes 5201 and 5203). - 113 (RE-2010)/2009-14 - Foreign Trade Policy

T o 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. 113 (RE-2010)/2009-14 New Delhi, Dated 4 th May, 2012 Subject:- Permission for registration of contracts for export of cotton (Tariff Codes 5201 and 5203). 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 deletes Para 4 of Notification No. 106 (RE-2010)/2009-14 dated 12.03.2012 with immediate effect to allow further registration of contracts for export of cotton under Tariff Item HS code 5201 5203 [ Sl. Nos. 197 199 of ITC(HS) Classification of Export Import Items ]. 2. The registration will be subject to the following conditions: (i) Registration Certificates (RCs) will be issued by the 7 designated Regional Authorities of DGFT at Ahmedabad, Bengaluru, Chennai, CLA New Delhi, Hyderabad, Kolkata and Mumbai. (ii) Procedure of obtaining Registration Certificate (RC) as stipulated in Notification No. 63 (RE-2010)/2009-14 dated 04.08.2011 and modified by Notification No. 74 (RE-2010)/2009-14 dated 12.09.2011 will continue to apply. (iii) An exporter can apply for one RC at a time for a maximum quantity of 10,000 bales (1 bale=170kg) or actual quantity exported in the current cotton season, whichever is less. Exporters who have exported upto 1500 bales during current cotton season and new comers (a new comer is an exporter who has not exported cotton in the current cotton season) can apply upto 1500 bales . Eligibility to apply for a subsequent RC will be on completion of at least 50% of the exports against the RC obtained now under this notification (exporters would be required to submit the documentary proof of such exports to the concerned RAs alongwith the application for issue of new RC). (iv) For ease of calculation, RC holders are encouraged to apply in next higher multiples of 10. (For example an exporter who has exported 1387 bales during current cotton season is encouraged to apply for 1390 bales). (v) It is reiterated that revalidation of Registration Certificates will not be permitted as mentioned in para 3 of Public notice 102 of 16 th March 2012. 3. Effect of this notification: The issue of Registration Certificates for export of cotton was suspended on 12.03.2012. This suspension is withdrawn with immediate effect. (Anup K. Pujari) Director General of Foreign Trade E-mail: dgft@nic.in (Issued from F.No.01/91/180/1194/AM10/Export Cell)