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Texprocil hails DGFT simplifying registration procedure
Jan '14
Shri Manikam Ramaswami, Chairman, Texprocil has welcomed the move of the DGFT to simplify the procedures in the case of commodities like cotton and cotton yarn which are under a registration process. 

He stated that most of the procedures have been simplified by the DGFT’s office and this was the only pending requirement which will give a huge relief to the exporters by saving their time, money and energy and enable them to concentrate on market development programmes. 

The DGFT has issued Notification No.63 dated 3rd January 2014 dispensing with the requirements of submission of hard copies of the documents even when applications for issuance of Registration Certificate for items like cotton and cotton yarn were being accepted on line. 

With the online registration of cotton and cotton yarn being operationalized fully the data can also now be published on a regular basis for both cotton and cotton yarn registration so that the exporters can be informed about the extent of the export of these commodities and take proper steps to implement their strategies.  With the online system fully in operation, it should be easy for the Commerce Ministry to publish such data. 

Shri Manikam Ramaswami pointed out that these procedural simplifications will go a long way in reducing the transaction costs of exporters and with the necessary policy support the target set for the textile sector for the fiscal year 2013-14 will be achieved.


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