PUBLIC NOTICE NO. 45/2010, DT. 31/03/2011
- Document type
- Circular
- Reference no.
- N
- Dated
- Category
- Public Notices w.e.f 23/08/2010
Non-availability of DEPB benefit on export of Cotton
Non-availability of DEPB benefit on export of Cotton.
2. Export of Cotton shall not be entitled for DEPB benefit even under DEPB entry Sl. No. 22C and 22D of the Product Group Miscellaneous, with respect to shipments made on or after 21.4.2010.
3. Effect of this amendment:
Benefit under DEPB scheme encourages export of concerned commodity. Hence when the intention of the Government is not to encourage exports of specific commodity, DEPB benefit on such a commodity would be contradictory to its intention. Accordingly, this Public Notice clarifies that DEPB benefit on export of cotton shall not be available. DEPB benefit on export of cotton yarn was withdrawn with effect from 21.4.2010, therefore, DEPB benefit on cotton (the basic raw material for cotton yarn) has been disallowed for exports made from 21.4.2010 onwards.
Sd/-
( Anup K. Pujari )
Director General of Foreign Trade
E-mail: dgft@nic.in