Public Notice No. 51 (RE-2000)/1997-2002 dated the 2nd January, 2001

Cotton Yarn Export Ceiling for 2001

Attention is invited to the entry at Code No. 5205 in Table B of Schedule 2 and Sl.No. 6 of Appendix-I to Schedule 2 in the book titled "ITC(HS) Classifications of Export and Import Items, 1997-2002" specifying the terms and conditions for export of items indicated therein.

2.  In exercise of the powers conferred under Paragraph 4.11 of the Export & Import Policy, 1997-2002, (incorporating amendments made upto 31st March, 2000) the Director General of Foreign Trade hereby specifies the quantitative ceiling for export of Cotton Yarn for the calender year 2001 as under:-

            (i)       Ceiling of 500 million Kgs. for Cotton yarn of 1 to 40s counts.

           (ii)       Ceiling of 20 million Kgs. for hank yarn of 1 to 60s counts.

          (iii)       However, the following categories shall be exempted from the ceiling limits:

        (a) Exports by 100% EOUs. However, exports by such units, having count restrictions, will be subject to the ceiling prescribed by the Ministry of Textiles.

        (b) Exports under advance licence scheme.

        (c) Exports based on cotton imported.

        (d) Exports of EPCG units to the extent of meeting annualized export obligation. However, more than their obligation, if exported, will be debited to the ceiling.

        (e) All exports against bilateral quotas.

         (f) All exports of 41s and above counts; and

        (g) Exports of processed yarn.

3.  This will be effective from 1st January, 2001.

4.  This issues in Public interest.