Assam Comilla Cotton Exempted from Export Restriction upto 5000 Bales

RC will be Valid for 30 Days

[DGFT Notification No. 18 dated 1^st October 2012]

Subject: Exemption of Assam Comilla Cotton [ITC(HS) Code 5201 00 12] from export restriction on cotton.

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. 197 {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 seasons 2010-11 and 2011-12. 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 seasons, such export would require to be registered with DGFT.

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 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 subject to registration with DGFT. Registration Certificate for such exports will be valid for 30 days only.