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of <h1>India Revises Export Policy: Cotton Exports Now Require License, Restrictions Imposed in Schedule 2, Table B Amendments</h1> The Government of India has issued amendments to the Schedule 2, Table B of the ITC HS Classifications of Export and Import Items, effective immediately. The changes focus on the export policy for cotton and cotton waste. Initially, cotton and cotton waste were categorized as 'Free' for export, requiring prior registration of contracts with the Directorate General of Foreign Trade (DGFT). However, subsequent amendments have imposed restrictions, requiring exports under a license, and eventually prohibiting the export of cotton, both carded and uncarded. These amendments aim to regulate cotton exports during the 2010-11 season, subject to specific caps and registration requirements.
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