Five percent Weight Variation in Cotton Yarn Exports Allowed
[DGFT Policy Circular No. 38 dated 10th
August 2011]
Subject: Conditions and modalities for
registration of contracts of cotton yarn with DGFT- relaxation of – 5% by
weight in export of cotton yarn.
Through Policy Circular No. 27
(RE-2010)/2009-14 Dated the 1st April, 2011, conditions and
modalities for registration of contracts of cotton yarn with the Regional
Authorities of DGFT were notified.
2. This
office has received representations from Trade Bodies seeking exemption from
penalty and placing in defaulters list in case of variation in export weight
due to various reasons.
3. It
has been decided that a variation of – 5% in weight against Registration
Certificates issued for export of cotton yarn shall be allowed. Thus a
variation of – 5% in weight in exports of cotton yarn against registered
contracts shall not be treated as default for the purpose of imposition of
penalty or debarment from future registrations.
4. This issues with the approval of Director
General of Foreign Trade.