Export restriction on cotton yarn: exports allowed only under licence with prior contract registration and customs verification. Export of cotton yarn under tariff codes 5205, 5206 and 5207 is restricted and permitted only under licence; export contracts must be registered with the Directorate General of Foreign Trade prior to shipment and Customs shall clear consignments only after verifying such registration. Transitional FTP provisions do not apply, but exporters with Textile Commissioner registration on or before 1 December 2010 may export within their registered quantity and contract validity; expired registered contracts confer no export rights.
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.
Export restriction on cotton yarn: exports allowed only under licence with prior contract registration and customs verification.
Export of cotton yarn under tariff codes 5205, 5206 and 5207 is restricted and permitted only under licence; export contracts must be registered with the Directorate General of Foreign Trade prior to shipment and Customs shall clear consignments only after verifying such registration. Transitional FTP provisions do not apply, but exporters with Textile Commissioner registration on or before 1 December 2010 may export within their registered quantity and contract validity; expired registered contracts confer no export rights.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
