Five Percent Weight Fall in Sugar Exports Allowed for Contract Registration
[DGFT Policy Circular No. 03 dated 23rd August 2012]
Subject: Conditions and modalities for registration of contracts of sugar with DGFT- relaxation of (-) 5% by weight in export of sugar.
Through Policy Circular No 62 (RE-2010)/2009-14 dated 14.05.2012, conditions and modalities for registration of contracts with Regional Authorities of DGFT for export of sugar in the current sugar season (1st October, 2011-30th September, 2012) were notified. This was amended vide Policy Circular No. 63 (RE-2010)/2009-14 dated 16.05.2012.
2. It has been decided with the approval of Competent Authority that a variation of (-) 5% in weight against Registration Certificates issued for export of sugar shall be allowed. Thus, a variation of (-) 5% in weight in exports of sugar against registered contracts shall not be treated as default for the purpose of imposition of penalty or debarment from future registrations.
3. This issues with the approval of Director General of Foreign Trade.