Export Restrictions on Cotton: prior contract registration required and seasonal export cap; customs must verify registration. The Foreign Trade Policy amendment revises export entries for cotton tariff classifications to a conditional free-export regime requiring prior registration of export contracts with DGFT, Customs verification of such registration before clearance, and application of seasonal export caps; subsequent amendments modified registration procedures and caps and later substituted the policy entries to prohibit exports for specified cotton tariff lines.
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Export Restrictions on Cotton: prior contract registration required and seasonal export cap; customs must verify registration.
The Foreign Trade Policy amendment revises export entries for cotton tariff classifications to a conditional free-export regime requiring prior registration of export contracts with DGFT, Customs verification of such registration before clearance, and application of seasonal export caps; subsequent amendments modified registration procedures and caps and later substituted the policy entries to prohibit exports for specified cotton tariff lines.
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