Registration with Textile
Commissioner Must for Cotton Yarn Exports
[DGFT
Notification No. 38 dated 9th April 2010]
Subject:
Compulsory registration of cotton yarn export contracts.
In
exercise of the powers conferred by Section 5 of the Foreign Trade (Development
& Regulation) Act, 1992 (No.22 of 1992) read with Para 1.3 and 2.1 of the
Foreign Trade Policy, 2009-14, and also read with Notification No. 26 (RE
2008)/2004-09 dated 22.7.2008 the Central Government hereby makes the following
amendments in the Schedule 2, Table B of ITC HS Classifications of Export and
Import Items by inserting S.No.161 B, in Chapter 52,
immediately after 161 A, with immediate effect, as under: -
|
SNo. |
Tariff
Item Code |
Unit |
Item
of Description |
Export
Policy |
Nature
of Restriction |
|
161
B |
5205 |
|
Cotton yarn (other than sewing thread), containing 85% or more
by weight of cotton not put up for retail sale |
Free |
The
contracts for export of cotton yarn shall be registered with the Textile
Commissioner prior to shipment. Clearance of cotton yarn consignments shall
be given by Customs after verifying that the contracts have been registered. |
|
|
5206 |
|
Cotton yarn (other than sewing thread), containing less than
85% by weight of cotton not put up for retail sale |
||
|
|
5207 |
|
Cotton yarn (other than sewing thread), put up for retail sale |
2. This issues
in public interest.