Cotton Yarn Export Quota of 720 mn kgs Notified

[DGFT Notification No. 31 dated 10th March 2011]

Subject: Quantity restriction of 720 million Kg on export of cotton yarn during 2010-11.

In exercise of the powers conferred by Section 5 of the Foreign Trade (Development & Regulation) Act, 1992 (No.22 of 1992) read with Para 2.1 of the Foreign Trade Policy, 2009-14, the Central Government hereby makes the following amendments in Notification No. 14(RE-2010)/2009-14 dated 22.12.2010.

2. The existing entries in the column “Nature of Restriction” against Sl. No. 161 B of Notification No. 14(RE-2010)/2009-14 dated 22.12.2010 is substituted as follows with immediate effect:

“Export permitted under licence subject to a quantity limit of 720 million Kgs during the Fiscal Year 2010-11 (i.e. upto 31.03.2011) or as notified by DGFT from time to time.”

3. The effect of this notification:-

The export of cotton yarn (Tariff Codes 5205, 5206 & 5207) was allowed under licence. Now, issue of export licences for cotton yarn will be subject to a limit of 720 million Kgs during the fiscal year 2010-11 (i.e. upto 31.03.2011).