Payment Detail of LC or FIRC Must for Cotton RC Applications

[DGFT Trade Notice No. 02 dated 10^th May 2012]

Subject- Additional conditions for obtaining cotton RC’s

1. Trade Notice No.1 dated 8^th May, 2012 was issued stipulating the procedure that would be adopted for issue of cotton RC’s in addition to that provided in Notification No.113 of 4^th May 2012. The following additional points are being stipulated to further streamline the registration process:

i) Maximum quantity for which an application for obtaining a RC can be made was indicated as 10000 bales (1 standard bale is equal to 170 Kg) in Notification No.113 of 4^th May, 2012. Thus any application/e-mail for more than this quantity will be summarily rejected.

ii) Each e-mail sent to cottonexport-dgft@nic.in has to mention details of the letter of credit/FIRC (giving evidence of advance payment). Number of the instrument and date of such instrument (LC/FIRC) has to be mandatorily mentioned in the message body of e-mail.

iii) Once the e-mail has been sent to DGFT, hard copy of the application along with printout of the e-mail sent must be submitted to RA within 2 working days. For example if the e-mail is sent on Thursday 10^th May, 2012 then the hard copy has to be submitted on or before Monday 14^th May (two working days i.e. 11^th May and 14^th May).

2. In respect of e-mails sent till today (10.5.2012) the date of issue of this trade notice, time would be granted till Monday i.e 14^th May, 2012, to submit the respective hard copies of the application to obtain RC.

3. Applicants are advised not to send multiple e-mails. To help them, an acknowledgement is being sent immediately on receipt of their e-mail. Multiple e-mails create confusion and cause inconvenience. Any attempt to send multiple e-mails would be viewed seriously. Similarly it is expected that the e-mail is being sent from the applicant’s e-mail id.

4. Cooperation of all members of trade is solicited