Press Information Bureau

Government of India

Ministry of Commerce & Industry

12-April-2012 18:24 IST

Permission for Export of about 19 Lakh Bales of Cotton

Government had banned the export of raw cotton on 5th March, 2012. This was revoked on 12th March, 2012. All Registration Certificates (RCs) were to be scrutinised before revalidation so that they could go ahead with their exports. Government directed that priority be given to such cotton that had been pending for export through Land Custom Station on Indo-Bangladesh, Indo-Myanmar, Indo-Pak, Indo-Nepal and Indo-Bhutan borders. The next priority was to be given to cotton that had been handed over to Customs. Such cases were revalidated on 23rd March, 2012 and again on 28th March, 2012.

As on 11.4.2012, RCs in respect of about 10 lakh bales were revalidated for exports, including the revalidation made on 23rd and 28th March, 2012.

DGFT has completed the scrutiny of the remaining applications. Government has decided that all these RCs be revalidated. Thus, RCs for approximately another 9 lakh bales of Cotton will be revalidated no later than 17th April, 2012.

Export of approximately 19 lakh bales of cotton would give a fresh impetus to cotton prices and would benefit both farmers and exporters.

DS/GK

Revalidation of export registration: government orders remaining cotton RCs revalidated to resume pending international shipments and restore market supply. Government ordered systematic scrutiny and revalidation of outstanding Registration Certificates (RCs) for raw cotton exports, prioritising consignments pending at land custom stations and then consignments handed to customs, with remaining RCs to be revalidated within a short timeframe to clear the backlog and permit shipments to resume.