**Policy Summary: Amendment to Foreign Trade Policy Regarding Cotton Yarn Exports**
This notification, No. 66/RE-2013/2009-2014, issued by the Ministry of Commerce and Industry, Department of Commerce, amends the Foreign Trade Policy (FTP) 2009-2014, effective immediately. The amendment, dated January 23, 2014, removes cotton yarn from the ineligible category for benefits under the Incremental Export Incentivisation Scheme (IEIS) for the entire financial year 2013-14. This change reverses the previous classification established by Notification No. 43, dated September 25, 2013, which had placed cotton yarn in the ineligible category, specifically under Para 3.14.5(d)(xviii) of the FTP. The effect of this notification is to make exports of cotton yarn eligible for incentives under the IEIS for FY 2013-14.
The issuing authority is Anup K. Pujari, Director General of Foreign Trade (F. No. 01/61/180/188/AM-13/PC-3).
Key Entities Referenced
Ministry of Commerce and Industry: The Indian governmental ministry responsible for international trade and industry.
Foreign Trade Policy 2009-2014: A set of guidelines and regulations governing import and export activities in India during the specified period.
Foreign Trade Development and Regulation Act, 1992: The Indian legislation that empowers the government to regulate foreign trade.
Cotton Yarn: A product made from cotton fibers, which was previously ineligible but now made eligible for export benefits under the notification.
Financial Year 2013-14: The specific financial year to which the policy amendment applies.
Incremental Export Incentivisation Scheme: A scheme designed to promote exports by providing incentives for increased export performance.
Anoop K. Pujari: Director General of Foreign Trade
New Delhi: The location of the office issuing the notification; Union Territory of Delhi
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EXTRAORDINARY
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PART II—Section 3—Sub-section (ii)
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PUBLISHED BY AUTHORITY
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No. 171] NEW DELHI, THURSDAY, JANUARY 23, 2014/MAGHA 3, 1935
okf.kT; ,oa m|ksx ea=kky; MINISTRY OF COMMERCE AND INDUSTRY
(Department of Commerce)
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NOTIFICATION
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New Delhi, the 23rd January, 2014
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No. 66(RE-2013)/2009—2014
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Subject: Allowing benefit of IEIS to export of cotton
yarn in FY 2013-14.
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vkbZbZvkbZ,l ds ykHk dh vuqefr nsukA S.O. 215(E).—In exercise of the powers
conferred by Section 5 of the Foreign Trade
dk-vk- 215(v)-—fons'k O;kikj uhfr] 2009—2014 (Development and Regulation) Act, 1992 read with Para
d sijS kxkziQ 1-3 d slkFk ifBr fon's k O;kikj (fodkl ,o afofu;eu) 1.3 of the Foreign Trade Policy, 2009—2014, the Central
Government hereby makes the following amendments in
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the Foreign Trade Policy (FTP) 2009—14 with immediate
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effect:
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2. The ineligible category (cotton yarn) inserted
2- fons'k O;kikj uhfr] 2009—2014 ds iSjk 3-14-5 by Notification No. 43 dated 25th September, 2013 at
(?k) dh Øe la[;k (xviii) esa vf/lwpuk la- 43 fnukad 25 serial number (xviii) of Para 3.14.5 (d) of FTP 2009—14
stands deleted.
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x;k gS A 2. Effect of this Notification: Export of Cotton Yarn is
made eligible for benefits under Incremental Export
bl vf/lwpuk dk izHkko % Incentivisation Scheme for the entire financial year
2013-14.
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[F. No. 01/61/180/188/AM-13/PC3]
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vuqi ds- iwtkjh] egkfuns'kd] fons'k O;kikj ANUP K. PUJARI, Director General of Foreign Trade
315 GI/2014
Printed by the Manager, Government of India Press, Ring Road, Mayapuri, New Delhi-110064
and Published by the Controller of Publications, Delhi-110054.