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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 ..... rector 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 9th 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 (1,70,000 MTs) of cotton, applications are invited for grant of regis ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 Certificate: After scrutinizing the documents so received, and if found eligible, the applicant shall be issued a Registration Certificate by ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nexure-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 APPLICATION BY E-MAIL TO [email protected] Subject header of E-mail : IE Code- Name of the Firm/Applicant-Quantity applied for (Example : 050003 0001-ABC Exports-1000 MTs) (Fill this in the "Subject" field) &s ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ________________________________________ 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 correct to the best of my / our knowledge and belief and nothing has been concealed or held there from. 2. I / We fully understand that any information furnished in the application if found incorrect or false w ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... orted 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, 17th June, 2011 2 Receipt of Application Start Date: Close Date: 1200 hours, Monday 20th June, 2011 1700 hours, Saturday 25th June, 2011 3 Processing of applications Up to Tuesday 5th July 2011 4 Declaration of Allocation Wednesday, 6th July, 2011 5 Document submission, Scrutiny & Issue of RC Start Date: Close Date: 1000 hours, Thursday, 7th July 2011 1[1500 hrs, Friday 22nd July 2011] 6 Validity period of export Thursday 15th September 2011 ----------------------------------------- Notes:- 1. Amended vide Public N ..... X X X X Extracts X X X X X X X X Extracts X X X X
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