DGFT asks cotton exporters to send e-mail of documents to fasten cotton exports

In order to fasten the pending export orders in Cotton and to smooth the process, the Directorate General of Foreign Trade (DGFT), under the Ministry of Commerce, has asked the Cotton exporters to send e-mail of documents required at the time of registration. The purpose is to keep queries, if any; ready by the time an exporter sends hard copy of the applications and other relevant papers.

Earlier, exporters were required to be personally present at the time of application for exports. However this process was time consuming as it required presence of exporter with valid documents after examining the same, DGFT permitted the exports.

Recently, the government rolled back the decision to ban new registration of cotton exports. The decision was taken under pressure from allies and industry lobby. This has leased a new ray of hope for the Kapas markets.

Generally, from the date of registration certifications (RCs) an exporter requires at least a month to physically ship the quantity of exports. The 50 percent mandatory shipment clause, therefore, requires executing export orders fast to obtain another RC for the next consignment.