Conditions and modalities for registration of contracts of cotton yarn- DGFT Relaxation

By Vijay Kumar

THE DGFT 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.

DGFT has 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.

DGFT Policy Circular No. 38 (RE-2010)/2009-14 Dated: August 10, 2011