Home / Knowledge / News / Textiles / Yarn exporters with track record to be considered for quota allocation
Yarn exporters with track record to be considered for quota allocation
11
Feb '11
Vide a notification released yesterday, the Director General of Foreign Trade (DGFT) has announced that since the number of applicants for exporting cotton yarn is very high and the quota to be allotted to each of these applicants is very low, the DGFT will consider only such applicants who have recent experience on such export, for which only those applicants with export performance in 2009-10 will be considered for allocation in this round.

It may recalled that the DGFT had on February 1, 2011 invited applications for allocation of cotton yarn exports and it had received approximately 2,500 applications. The volume of exports was to be calculated by deducting amount already exported up to January 15, 2011, from the existing ceiling of 720 million Kgs. It has turned out that the balance quantity is very small.

When a very small residual amount is to be allocated amongst such a large number of applicants, the actual quantity that comes to the share of many applicants becomes commercially unviable because of its un-economic size. In view of this, DGFT has taken a decision to consider only such applicants who have recent experience on such export. Hence, only those applicants with export performance in 2009-10 will be considered for allocation in this round.

The applicants have been advised to send a confirmatory e-mail by February 14, 2011 with regards to their export performance during 2009-10. In case no such confirmatory e-mail is received from an applicant, the e-mail sent earlier will be taken as final.

The applicants receiving the allocation will have to submit proof of their past export in 2009-10 to concerned RAs at the time of filing their applications for grant of export license in addition to other documents already mentioned earlier.

Since the last date of export is March 31, 2011, the allocation would be completed as expeditiously as possible, on receipt of the confirmatory e-mails. In view of the above, the allocation of cotton yarn for export as announced earlier, was not made yesterday.

Click here to view DGFT circular

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 22nd Apr 2017

Strong rupee & weak trade to affect textile exporters

Textile and apparel exporters' earnings and EBITDA margins will be...

Textiles | On 22nd Apr 2017

Myntra acquires InLogg

With an aim to strengthen supply chain and logistics, Flipkart-owned...

Textiles | On 22nd Apr 2017

Aditya Birla Group launches new variant Liva Crème

After its successful launch of high quality fabric Liva in 2015,...

Interviews View All

Deepak Jain
Baggout

We are using Facebook and Instagram to promote ourselves

Arvind Saraf
Triveni Sarees

e-Commerce is still evolving fast with constant flux and surprises

Krishnanand Tripathi
Textrade International Ltd

We believe in vocational education for entry-level employees, offering...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
April 2017

April 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search