TMI BlogRegistration Certificate (RC) for Export of Cotton - Central Government notifies the modalities and procedure for obtaining Registration Certificate (RC) effected from 01.08.2011.X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 notifies the modalities and procedure for obtaining Registration Certificate (RC) in pursuance of Notification No. 62 (RE-2010)/2009-14 dated 01.08.2011, as under: 2. Registration Certificate (RC) for Export of Cotton [ITC (HS) Code 5201 5203] Exporters intending to export cotton [ITC (HS) Codes 5201 and 5203] will apply to the Regional Authority (RA) for grant of Registration Certificate (RC) subject to the following conditions: (i) The applicant should not be a defaulter / must not be in the Denied Entities List (DEL). (ii) An appl ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ing system, sending two reports to the RA from whom the RC was obtained: (a) a simple first report only about the quantity of export, to whom exported, and when exported, in respect of each consignment immediately on obtaining the Let Export Order (LEO) and (b) a consolidated second report within 35 days of the issue of RC in detail (EP copy of shipping bill required) about all exports done in respect of the complete quantity for which the RC was obtained . 5. RCs obtained till now Holders of any valid RC that was obtained before 1 st August 2011, in respect of which any balance quantity is still to be exported, has the option of getting the RC revalidated or applying afresh under this new dispensation. Thus any RC obtained b ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ll be liable to Penal Action under Section 11(2) of Foreign Trade(Development Regulation) Act, 1992, (as amended), including (a) forfeiture of performance Bank Guarantee submitted to DGFT and (b) debarment from obtaining any Registration Certificate in future.. 4. I hereby certify that I am authorised to verify and sign this declaration. Signature of the Applicant Place Date .. Name: Designation: Official Address (Complete): Telephone Number(s): Cell Phone Number(s): Fax Number(s): Email(s): _________________________________________________________________________ Re ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... her. 2. We ____________________ (indicate the name and full address and other particulars of the Bank, including IFSC Number), [hereinafter referred to as Bank] , at the request of the Exporter do hereby unconditionally and irrevocably undertake to pay the Government an amount not exceeding Rs.____________ against non-completion of export in full or any failure on the part of the said Exporter in fulfilling any of the terms or conditions contained in the said Registration Certificate . 3. We ___________________ (indicate the name of Bank) do hereby undertake to pay the amounts due and payable under this guarantee without any demur or protest, merely on a demand from the Government stating that the amount claimed is due to non-compl ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... arged from all liability under this guarantee thereafter. 6. We ____________________ (indicate the name of bank), further agree with the Government that the Government shall have the fullest liberty without our consent and without affecting in any manner our obligations hereunder (i) to vary any of the terms and conditions of the said Registration Certificate and modify the said scheme from time to time or (ii) to extend time of performance by the said Exporter from time to time or to postpone for any time or (iii) from time to time any of the powers exercisable by the Government against the said Exporter and to forbear or enforce any of the terms and conditions relating to the said Registration Certificate and we shall not be relieve ..... X X X X Extracts X X X X X X X X Extracts X X X X
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