ANNOUNCEMENT 09 Apr 2010
Exports of cotton yarn will be required to register contracts with the Textile Commissioner to get clearance.
NUMBER OF INTERVENTIONS
NOTIFICATION NO. 38 /2009-14 http://dgft.gov.in/exim/2000/not/not09/not3809.htm
On 9 April 2010, the Ministry of Commerce and Industry through Notification No. 38/2009-14 introduced a restriction on exports of cotton yarn.
All exports of cotton yarn henceforth have to be registered with the Textile Commissioner prior to shipment. Shipments will be granted clearance by the Customs authorities only after the registration of contract has been confirmed.
On 22 December 2010, the Ministry enhanced the restriction by requiring exporters to obtain a license for cotton yarn exports effective from 1 December 2010. (see related State Act).
In April 2010, additional interventions such as removal of export duty rebates have also been imposed on cotton yarn exports (see related state acts).