Ban on Export of Cotton - CBEC Instructions
DGFT Notification No.102 (RE-2010)/2009-14 dated March 5, 2012 amended Notification no. 74 (RE-2010)/2009-14 dated 12.09.2011 imposing a ban on export of cotton (Tariff code 5201 and 5203).
In view of this,
(i) Export of cotton [ITC (HS) Codes 5201 & 5203] has been prohibited till further orders.
(ii) Transitional arrangements will not be applicable for the export of cotton.
(iii) Export against registration certificates already issued will also not be allowed.
Considering the sensitivity of the issue the Board desires that the field formations should strictly monitor the conditions imposed by DGFT in the above notification with immediate effect.
It is also requested to provide the details of all the consignments of export of Cotton handed over to Customs for export as of 2400 hrs on 04.03.2012. This report is required by the Board positively by 07.03.2012. (Today!)
Customs Circular No , Dated: March 6, 2012