Procedure & conditions for export of cotton w.e.f 1st October 2012

  

Issued from F.No.01/91/180/1194/AM10/Export Cell New Delhi, Dated    1st October, 2012

Subject:- Procedure and conditions forregistration of contracts for export of cotton (Tariff Codes 5201 and 5203) w.ef 1st October 2012.

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 notifies the procedure and conditions for  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] w.e f 1st October 2012.

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 previous cotton season, whichever is less.Exporters who have exported upto 1500 bales during previous cotton season and new comers (a new comer is an exporter who has not exported cotton in the previous 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 forissue 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 previous cotton season is encouraged to apply for 1390 bales).

(v)   Revalidation of Registration Certificates will not be permitted .

3. Effect of this notification:

The Procedure and conditions for export of cotton w.e.f 1st October 2012 have been notified. This is similar to Notification number 113 of 4th May 2012, except appropriate changes in para 2(iii).

Sd/-

(Anup K. Pujari)

Director General of Foreign Trade