Export of cotton - Contracts to be now registered by the DGFT instead of Textile Commissioner, Mumbai
IT was decided by the Group of Ministers that 55 lakh bales of cotton should be allowed for export during the cotton season 2010-11. Actual exports commenced from 1st Nov.2010 under the EARCs granted by Office of Textile Commissioner, Mumbai, giving a time of 45 days to make such exports. It has been brought to the notice of Govt. that actual exports under such registered contracts are much less than the quantity approved by GoM.
Therefore, Notification No. 12 dt.16.12.2010 has been issued, stipulating that henceforth registration of contracts for export of cotton will be done by DGFT. Exact modalities of such registration & conditions that needs to be fulfilled/observed would be notified separately, once the balance quantity that remains to be exported is ascertained.
NOTIFICATION NO 12/(RE-2010)/2009-14, Dated: December 16, 2010
POLICY CIRCULAR NO Dated: December 16, 2010
DDT Cartooning with Dr. Gopalakrishnan, Rtd IAS
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