Export of 5,000 Bales of Assam Comilla Cotton Exempted from Cotton Restriction

[DGFT Notification No. 108 dated 22^nd March 2012]

Subject: Exemption of Assam Comilla Cotton [ITC(HS) Code 5201 00 12] from export restriction on cotton during the current cotton season upto 30.09.2012.

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 with immediate effect in respect of Sl. No. 161 A {ITC(HS) Classification}.

2. Export of Assam Comilla Cotton [ITC(HS) Code 5201 00 12] with a limit of 5,000 Bales was exempted from the cap on export of cotton during the previous cotton season 2010-11 (ended on 30.09.2011). In the current cotton season also i.e. upto 30.09.2012, export of Assam Comilla Cotton [ITC(HS) Code 5201 00 12] with a limit of 5,000 Bales will be exempted from any restriction on export of cotton. As prescribed in the previous cotton season, such export would require to be registered with DGFT in the current cotton season also.

3. Procedure of obtaining Registration Certificate (RC) for export of Assam Comilla Cotton [ITC(HS) Code 5201 00 12] was notified in Policy Circular No. 29(RE-2010)/2009-14 dated 19.04.2011. The same will continue to apply except that the export against Registration Certificates in the current cotton season shall be completed within a period of 30 days (In para 3 of Policy Circular No. 29 dated 19.04.2011, such period was 45 days).

4. Effect of this notification

Export of 5,000 bales of Assam Comilla Cotton will be exempted from any export restrictions during the current cotton season (up to 30.09.2012) subject to registration with DGFT. Registration Certificate for such exports will be valid for 30 days only.