Export controls on cotton now require DGFT contract registration and impose caps, later evolving to export prohibition. Amendments require prior registration of export contracts with DGFT for cotton exports, mandate customs to verify registration before clearance, impose seasonal export caps and licence conditions for specified tariff subheadings, and through successive notifications ultimately substitute entries to prohibit export of certain cotton tariff items.
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Export controls on cotton now require DGFT contract registration and impose caps, later evolving to export prohibition.
Amendments require prior registration of export contracts with DGFT for cotton exports, mandate customs to verify registration before clearance, impose seasonal export caps and licence conditions for specified tariff subheadings, and through successive notifications ultimately substitute entries to prohibit export of certain cotton tariff items.
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