14(RE-2010)/2009-14, Dated: 22/12/2010
 
To be published in the Gazette of India Extraordinary Part II Section 3, Sub Section (ii)
 
Government of India
Ministry of Commerce & Industry
Department of Commerce
Udyog Bhawan
 
Notification No. 14(RE-2010)/2009-14
New Delhi, Dated 22nd December, 2010
 
Subject: Restriction on export of cotton yarn – regarding
 
S.O. (E)        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 respect of Sl. No. 161 B {ITC(HS) Classification} in the Notification  No. 38/2009-14 dated 09.04.2010.
 
2.       The existing entries of Notification No. 38/2009-14 dated 09.04.2010 are substituted as follows with effect from 01.12.2010:-
 

S. No.

 
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
Restricted
 
 
 
 
 
Export permitted under licence.
 
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

 

 
 
3.       Transitional Arrangement:-
         
(i)  The Transitional Arrangements as available under para 1.4 & 1.5 of FTP, 2009-14 will not be applicable to the export of Cotton Yarn, under this notification. 
 
(ii)  However, Exporters who have obtained Registration Certificate from Textile Commissioner, Mumbai before 1st December, 2010 would be permitted to export Cotton Yarn within the quantity limit for which such registration certificate has been issued and within the validity of such registered contract.
         
(iii)  If the validity of such registered contract has expired then the registered contract holder will have no right to export under such registered contract. 
 
4.       The effect of this notification:-
         
The export of cotton yarn (Tariff Codes 5205, 5206 & 5207) was earlier subject to registration of export contracts with Textile Commissioner, Mumbai.  Now, the export of cotton yarn has been restricted and export will now be permitted under licence.
 
 
Sd/-
(Anup K. Pujari)
Director General of Foreign Trade
E-mail: dgft@nic.in
 
(Issued from File No.01/91/180/1194/AM10/Export Cell)

WHY CHOOSE US?

We are team of professionals having vast experience in business setup and post compliances. We have helped hundreds of business in their set up and compliances. We use this knowledge and expertise to help our clients to take their business to the next level with results driven solutions.

OUR VISION

We believe in offering top quality and timely services. “To be a quality service provider, supporting global client base in their accounting, transaction, legal and taxation requirements.”We are a company of promise and possibilities. Each day represents a fresh opportunity to share Our Vision.

OUR MISSION

Our mission is to provide One-Stop solution to our clients for their business, financial and regulatory requirements.
We focus on timely, innovative, proactive and independent assurance, financial and tax services to our client and optimize stakeholders' value.

OUR OBJECTIVE

Our objective is to create and sustain long term relationship with our clients and provide one stop solutions for their requirements.

Our employees ideas and inspiration create opportunities constantly, and without limits.


Services

Taxation

Enhancing a stakeholder value is a fundamental concept, which drives every management effort in the modern business environment. Progressive and bottom – line focused managements have realized that taxes should be viewed as a dynamic item of cost, rather than a passive charge on the profits....

Read More

Advisory Service

Managing Risk to enhance performance to truly manage risk, it is vital to enable the right frameworks. We help enhance your business performance by building strong risk management frameworks into the very core of your business processes. This enables us to minimize...

Read More

Assurance

Our assurance services include Statutory audit, Tax audit and Special audits. We carry out audit of financial statements prepared in accordance with various GAAP's (IGAAP/US GAAP / IFRS / other international GAAP) under applicable auditing standards. Our audit methodology is compliant...

Read More

Admin Login

Employee Login

Get in Touch