FTP - Conditions and modalities for registration of contracts of cotton yarn with DGFT

By Vijay Kumar

AS per Notification No. 40 (RE-2010)/2009-14 dated 31.03.2011 export of cotton yarn has been made “Free” subject to registration of export contracts with DGFT, for ITC( HS) Code 5205, 5206 & 5207.

All applications for grant of registration certificate shall be submitted to the concerned RAs along with the prescribed documents.

If the documents received are found in order, the applicant shall be issued a Registration Certificate. Export against this registration certificate shall be completed within a period of 30 days from the date of issuance of such certificate.

Failure to export the allowed quantity within the stipulated time would invite debarment from further registration. In addition, penal action as per Section 11(2) of the Foreign Trade(D&R) Act would be initiated.

DGFT Policy Circular No. 27/(RE-2010)/2009-14 Dated: April 1, 2011