Relaxation of 5% by weight in export of cotton yarn- DGFT

Government of India

Ministry of Commerce & Industry

Department of Commerce

Directorate General of Foreign Trade

Udyog Bhavan, New Delhi.

 

                                                                                                     Policy  Circular No. 38 (RE-2010)/2009-14                                                      Dated the 10^th August, 2011

 

To

All Customs Authorities / All Regional Authorities / Members of Trade.

Subject:- Conditions and modalities for registration of contracts of cotton yarn with DGFT- relaxation of 5% by weight in export of cotton yarn.  

Through Policy Circular No. 27 (RE-2010)/2009-14 Dated the 1^st April, 2011, conditions and modalities for registration of contracts of cotton yarn with the Regional Authorities of DGFT were notified.

2.       This office 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.

3.       It has been 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.

4.       This issues with the approval of Director General of Foreign Trade.

(Hardeep Singh)

Joint Director General of Foreign Trade

Email: hardeep.singh@nic.in

(Issued from F.No 01/91/180/1843/AM11/Export Cell)