Government simplifying Registration Certificates (RC) procedures for various commodities including cotton and cotton yarn. To this effect the Directorate General of Foreign Trade (DGFT) has issued a notification which reads “There shall be no requirement of submitting any document in electronic filing for obtaining Registration Certificates (RCs)â€
Exporters of cotton and cotton yarn with immediate effect have been exempted from mandatory filing of documents in physical form to obtain registration certificates for shipment.
It said that the requirement of submission of hard copies of the documents such as printout of online application, Letter of Credit or foreign inward remittance certificate or proof of advance payment and export contract is “dispensed withâ€.
The step would help in reducing transaction cost for exporters.
There are certain commodities for which online registration procedure has been prescribed for export.
It was made mandatory in July 2013 that after filing online applications, exporters are required to furnish printout of the application submitted online besides other certificates and paper.
However, DGFT has made clear that there shall be no other change in either the policy or conditions for export of cotton and cotton yarn notified earlier through respective notifications, public notices, policy circulars etc.
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