Conditions and modalities for registration of contracts of cotton yarn with DGFT.

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....011 To All Customs Authorities / All Regional Authorities / Members of Trade. Subject:- Conditions and modalities for registration of contracts of cotton yarn with DGFT. As per Notification No. 40 (RE-2010)/2009-14 dated 31.03.2011 export of cotton yarn has been made "Free" subject to registration of export contracts with DGFT, for ITC(HS) Code 5205, 5206 & 5207. Procedure for registra....

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....ion certificate shall be completed within a period of 30 days from the date of issuance of such certificate. 4. Failure to export the allowed quantity within the stipulated time would invite debarment from further registration.  In addition, penal action as per Section 11(2) of the Foreign Trade(D&R) Act would be initiated.  For ready reference Section 11(2) is extracted below:- "1....

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....UNDERTAKING  1. I / We hereby declare that the particulars and the statements made in this application are true and correct to the best of my / our knowledge and belief and nothing has been concealed or held there from. 2. I / We fully understand that any information furnished in the application if found incorrect or false will render me / us liable for any penal action or other consequ....

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