POL CIR NO. 26/(RE-2000)/2000-2001 Dated 13-09-2000
- Document type
- Circular
- Reference no.
- D
- Dated
Export Ceiling on Cotton Yarn
Subject:- Clarification regarding certain issues relating to EPCG Scheme.
Sir,
Attention is invited to Policy Circular No. 29 (RE-99)/99-2000 dated 19.8.1999 regarding clarification on certain issues relating to EPCG Scheme.
2. The Government has decided to fix a ceiling of 500 (Five hundred) million kg. for export of cotton yarn of 40s and below counts for the calendar year 2000. However, exemption of the following categories of cotton yarn export from the ceiling restrictions would continue for the calendar year 2000.
1) Exports by 100% EOUs
- (i) 100% EOUs, who have been licensed to manufacture and export cotton yarn without any count restriction and/or the use of domestic cotton condition, are totally exempted from the ceiling restriction.
(ii) 100% EOUs licensed to manufacture cotton yarn subject to count restrictions would be permitted to export cotton yarn without any count/domestic cotton use restriction upto 31st December, 2000 provided such exports are within the overall quantitative ceiling of 500 million kgs. fixed for export during the calendar year 2000.
2) Exports by EPCG Units
- (i) Exports by EPCG Units which are licensed to manufacture and export cotton yarn without any count and/or the use of domestic cotton use condition, are exempted from the ceiling restriction to the extent of meeting their annualised export obligation fixed under the EPCG licence.
(ii) EPCG units which are subject to restrictions pertaining to count/sourcing domestic cotton would be permitted to export cotton yarn without such restriction upto 31st December, 2000 as long as such exports are within the overall quantitative ceiling of 500 million kgs.
4. This issues with the approval of Director General of Foreign Trade
Sd/-
(L.B. Singhal)
Joint Director General of Foreign Trade