Conditions and modalities for registration of contracts of Assam Comilla Cotton with DGFT.

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....n exempted from the ceiling of 55 lakh bales imposed on export of cotton during the Cotton Season, 2010-11 (upto 30.09.2011).  Thus, export of this 5000 bales of Assam Comilla Cotton, ITC(HS) Code 5201 00 12 is  "Free" subject to registration of export contracts with DGFT. Procedure for registration of contracts is described below. 2. All applications for grant of registration certificate shall be submitted to the RA, Guwahati  alongwith the following documents:   (i) Copy of Export Contract alongwith, (a) A copy of irrevocable Letter of Credit (LC) duly authenticated by an Indian Bank, or (b) FIRC from Bank showing receipt of remittance from the concerned foreign buyer as proof of having received 100% A....

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....make any export or import in contravention of any provisions of this Act or any rules or order made thereunder or the Foreign Trade Policy, he shall be liable to a penalty of not less than ten thousand rupees and not more than five times the value of the goods or services or technology in respect of which any contravention is made or attempted to be made, whichever is more." 6. This issues with the approval of Director General of Foreign Trade. (L.B. Singhal) Joint Director General of Foreign Trade Email: [email protected] (Issued from F.No 01/91/180/1194/AM10/Export Cell) Annexure-1 to Policy Circular No. 29(RE-2010)/2009-14 Dated :  19.04.20011 DECLARATION / UNDERTAKING 1. I / We hereby declare that the par....