Final list of cotton exporters declared defaulters; re verification in 15 days or remove name by specified penalty. A final list of exporters declared defaulters for failure to export cotton is issued; 61 firms were removed after verification. Exporters listed may seek re-verification within 15 days by submitting documents to the RC-issuing authority for review. Firms exceeding the +/-5% tolerance may remove their names by paying a penalty of Rs. 10,000 plus 1% of the value of the shortfall beyond the 5% allowance. The annexure lists each firm's allocation, IEC, quantities, nature of default, and percentage shortfall or excess.
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Final list of cotton exporters declared defaulters; re verification in 15 days or remove name by specified penalty.
A final list of exporters declared defaulters for failure to export cotton is issued; 61 firms were removed after verification. Exporters listed may seek re-verification within 15 days by submitting documents to the RC-issuing authority for review. Firms exceeding the +/-5% tolerance may remove their names by paying a penalty of Rs. 10,000 plus 1% of the value of the shortfall beyond the 5% allowance. The annexure lists each firm's allocation, IEC, quantities, nature of default, and percentage shortfall or excess.
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