The Centre has laid down the procedure for obtaining export authorisation registration of raw cotton (lint) cotton waste (yarn waste and garneted stock), cotton, carded or combed with the Textile Commissioners? Office (TCO).
On July 22, the Directorate General of Foreign Trade (DGFT) had issued a Notification No 26, whereby all raw cotton export is subject to the export authorisation registration procedure with the textile commissioner of Mumbai.
The export contract must be registered prior to shipment. Accordingly, the textile commissioner has issued a procedure prescribing the terms and conditions for registration.
?The export authorisation registration application should be submitted within 30 days prior to the date of actual shipment. If the export deal is not fulfilled within the stipulated 30 days, then the registration issued would stand lapsed,? sources with TCO said.
The exporter should have to get it re-validated before shipment again, he added.
Sources said that if, due to some reason, the export contract is cancelled (by the importer/exporter) or the export deal is not fulfilled, the exporter should inform the TCO of such cancellation or non-exportation within 15 days from the date of cancellation.
?If default is on the part of the exporter in fulfilling the export shipment for two times, then no further registration application will be entertained till such time the shipment details are submitted,? he said.
After the actual export of full registered quantity, the exporter should submit a legible exchange control copy of shipping bills as issued by the customs along with the details of quantity of goods exported, its value and destination, sources said.