DGFT Rolls Back Ban from Cotton Yarn Export
[DGFT
Policy Circular No. 7 dated 22nd December 2010]
Sub: Conditions and modalities for applications for grant of export licence for export of Cotton Yarn.
It has been decided in the meeting of Group of Ministers (GoM) on 21.12.2010 that for the present, 720 million Kgs. of Cotton Yarn is to be allowed for export during the
year 2010-11(i.e. upto 31.03.2011).
2. Accordingly, Notification No.
14(RE-2010)/2009-14 dt.
22.12.2010 has been issued today, stipulating that henceforth export of cotton
yarn will be restricted and will be allowed to be exported under licence. However, Exporters who have obtained Registration
Certificate from Textile Commissioner, Mumbai before 1st December, 2010 would
be permitted to export Cotton Yarn within the quantity limit for which such
registration certificate has been issued and within the validity of such
registered contract. The data for the quantity that has already been exported
in 2010-11 is being collected. The representations received to review the
extent of exportable surplus are also being examined.
3. Exact modalities for
submitting applications for grant of export licence
would be notified once the quantity of exports already made has been
ascertained and the extent of exportable surplus has been reassessed.
4. This issues with the approval
of Director General of Foreign Trade.