TMI BlogConditions and modalities for registration of contracts of cotton waste including yarn waste and garneted stock [ITC(HS) Code 5202] with DGFT.X X X X Extracts X X X X X X X X Extracts X X X X ..... ties for registration of contracts of cotton waste including yarn waste and garneted stock [ITC(HS) Code 5202] with DGFT. Notification No. 57 (RE-2010)/2009-14 dated 09.06.2011 has raised the cap on export of cotton for the cotton season 2010-11 (upto 30.09.2011) to 65 lakh bales, thereby allowing export of additional 10 lakh bales of cotton, upto 30.09.2011. Through Notification No. (RE-2010)/2009-14 dated .06.2011, it has been notified that the cap of additional 10 lakh bales, on export of cotton during the cotton season 2010-11 (up to 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). 2. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e. The firms would be required to submit proof of export to the concerned RA within 10 days of last shipment. 5. Failure to export the allowed quantity within the stipulated time would invite debarment from further registration. In addition, penal action as per Section 11(2) of the Foreign Trade (D R) Act would be initiated. For ready reference Section 11(2) is extracted below:- 11(2). Where any person makes or abets or attempts to make any export or import in contravention of any provisions of this Act or any rules or order made there under or the Foreign Trade Policy, he shall be liable to a penalty of not less than ten thousand rupees and not more than five times the value of the goods or services or technology in respe ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ble to Penal Action under Section 11(2) of Foreign Trade(Development Regulation) Act, 1992, (as amended), including debarment from future allocations. 5. I hereby certify that I am authorized to verify and sign this declaration. Signature of the Applicant Place Name Date Designation Official Address(if different than given in the letter head): Line 1: Number of the office premises. Line 2: Street name. Line 3: City name. Line 4: Pin code. Telephone No.(with STD code): Cell Phone No.: Fax No.: ..... X X X X Extracts X X X X X X X X Extracts X X X X
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