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Govt withdraws ban on cotton exports
18 Aug '10
1 min read
The Government of India has announced that it has removed all restrictions on exports of cotton from October 1, which is the beginning of the new cotton marketing season.
However according to the notification released by the Directorate General of Foreign Trade, all export contracts will still have to be registered with the Office of the Textile Commissioner.
The notification also adds that, all duties that were imposed on the exports of cotton too have been withdrawn, effective from October 1.
It may be recalled that the government had announced a ban on cotton exports in April 2010 on pressure from spinners due to the flare up in cotton prices.
Click here to view notification.
However according to the notification released by the Directorate General of Foreign Trade, all export contracts will still have to be registered with the Office of the Textile Commissioner.
The notification also adds that, all duties that were imposed on the exports of cotton too have been withdrawn, effective from October 1.
It may be recalled that the government had announced a ban on cotton exports in April 2010 on pressure from spinners due to the flare up in cotton prices.
Click here to view notification.
Fibre2fashion News Desk - India
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