Export Duty on Raw Cotton - Exempted
RAW Cotton and Cotton waste were exempted from export duty by Notification No. 100/89 dated 1.3.1989. The government withdrew this exemption and subjected raw cotton to an export duty of Rs. 2500 and cotton waste to 3 percent adv, by Notifications dated 10.05.2010 and 44/2010 dated 09.04.2010. Now both these Notifications are rescinded.
In effect
++ NOTIFICATION NO. Dated: October 01, 2010 exempts raw cotton and cotton waste from export duty by amending Notification No. 100/89-cus. This exemption was earlier withdrawn by Notification No. 43/2010 – cus. Now the position prior to 9.4.2010 is restored. [ This new Notification mentions that S. Nos. 15A and 15B are inserted after S. No. 15 of Notification No. 100/89-Cus. Ironically, S. Nos. 14 and 15 and entries relating thereto were omitted by virtue of Notification No. dated 9.4.2010. Now where do you add this now?!]
++ NOTIFICATION NO. Dated: October 01, 2010 – rescinds Notification No. , dated the 9th April, 2010, which prescribed an effective rate of 3 percent export duty for cotton waste. Now this is not required as it is totally exempted.
++ NOTIFICATION NO. Dated: October 01, 2010 - rescinds Notification No. , dated the 10th May, 2010, which prescribed an effective rate of Rs. 2500 for raw cotton. This is also exempted now.