Government of India
Ministry of Commerce & Industry
Department of Commerce
Udyog Bhawan
 
Notification No. 74 (RE-2010)/2009-14
New Delhi, Dated 12^th  September, 2011

 
Subject:- Policy for export of cotton with effect from 1^st 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. 161 A 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
161 A	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.
 
 

(Anup K. Pujari)
Director General of Foreign Trade
e-mail: dgft@nic.in
 
(Issued from F.No.01/91/180/1194/AM10/Export Cell)