Registration requirement for cotton yarn export contracts: registration with DGFT and payment proof enable permitted exports but non performance invites penal action. Export of cotton yarn under specified ITC(HS) codes is allowed only after mandatory registration of export contracts with DGFT. Applicants must supply the export contract, an Indian bank authenticated irrevocable Letter of Credit or bank proof of advance remittance, a prescribed declaration, and IEC. On acceptance, a Registration Certificate is issued and the export must be completed within the certificate's validity. Non performance leads to debarment and initiation of penal action under the Foreign Trade (Development & Regulation) Act.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Registration requirement for cotton yarn export contracts: registration with DGFT and payment proof enable permitted exports but non performance invites penal action.
Export of cotton yarn under specified ITC(HS) codes is allowed only after mandatory registration of export contracts with DGFT. Applicants must supply the export contract, an Indian bank authenticated irrevocable Letter of Credit or bank proof of advance remittance, a prescribed declaration, and IEC. On acceptance, a Registration Certificate is issued and the export must be completed within the certificate's validity. Non performance leads to debarment and initiation of penal action under the Foreign Trade (Development & Regulation) Act.
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