Notification No- 32/2010 dated 14/03/2011
Quantity restriction of 55 lakh bales on export of cotton during Cotton Season,
2010-11- Exemption for export of 5000 bales of Assam Comilla cotton.
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 Notification No- 12(RE-2010)/2009-14 dated
16.12.2010.
2. Notification No- 12(RE-2010)/2009-14 of 16.12.2010 had stipulated the export
policy for cotton(Tariff Code 5201, 5202 and 5203) under Serial Number 161 A. In
respect of all these three tariff codes the existing entry in the column “Nature
of Restriction” shall be substituted, with immediate effect, as under:
“Nature of Restriction”
“The contracts for export of cotton shall be registered with the Directorate
General of Foreign Trade prior to shipment. During the Cotton Season,
2010-11(upto 30.09.2011) the export of cotton will be subject to a cap of 55
lakh bales or as notified by DGFT from time to time. Clearance of cotton
consignments by Customs should be after verifying that the contracts have been
registered.”
3. However, export of 5,000 bales of Assam Comillas Cotton (Tariff Code 5201 00
12) is exempted from the ceiling of 55 lakh bales imposed on export of cotton
during the Cotton Season, 2010-11(upto 30.09.2011). Such export will also be
required to be registered with DGFT.
4. The effect of this notification:-
The export of cotton is free subject to registration of export contracts with
DGFT. The cap on export during the Cotton Season, 2010-11 (01.10.2010 to
30.09.2011) will be 55 lakh bales or as notified by DGFT from time to time. But,
export of 5,000 bales of Assam Comillas Cotton (Tariff Code 5201 00 12) is
exempted from the cap, but not from registration.Sd/-
(Anup K. Pujari)
Director General of Foreign Trade
(Issued from File No.01/91/180/1194/AM10/Export Cell)