Quota For Export of Cotton Yarn – Applications Invited
AS per Notification No. 14 (RE-2010)/2009-14 dated 22.12.2010, export of cotton yarn under ITC(HS) codes 5205 , 5206 & 5207 was placed under the restricted category with export allowed subject to licensing.
DGFT invites applications for allocation of quota for export of cotton yarn from 02.02.2011 to 07.02.2011 (till 5.00 PM).
Allocation will be done on a prorata basis. The maximum that an applicant can apply is 100,000 Kg. per IEC or what has been exported by such IEC holder during 2009-10, whichever is more.( Example : if an applicant has exported 120,000 kg in 2009-10, then such applicant can apply for a maximum amount of 120,000 kg only ; similarly an applicant who has not exported at all in 2009-10 can apply upto 100,000 kg)
Only one application per IEC will be accepted and any subsequent application made by the same IEC holder will be rejected and not considered for allocation.
Failure to export the allocated quantity within the stipulated time would invite debarment from further allocation.
DGFT Policy Circular No. 15/(RE-2010) 2009-14, Dated: February 1, 2011