FTP - Conditions and modalities for registration of contracts of sugar with DGFT- relaxation of (-) 5% by weight in export of sugar
THROUGH Policy Circular No 62 (RE-2010)/2009-14 dated 14.05.2012, conditions and modalities for registration of contracts with Regional Authorities of DGFT for export of sugar in the current sugar season (1st October, 2011-30th September, 2012) were notified. This was amended vide Policy Circular No. 63 (RE-2010)/2009-14 dated 16.05.2012.
It has been decided with the approval of Competent Authority that a variation of (-) 5% in weight against Registration Certificates issued for export of sugar shall be allowed.
Thus, a variation of (-) 5% in weight in exports of sugar 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. 3 (RE-2012)/2009-14, Dated: August 23, 2012