India Issued Export Licences For 100 Thousand Bales Of Cotton.

According to industry sources, the India government has started issuing permits for cotton exports to Pakistan and Bangladesh.

First there are about 12 families. Exit About 100000 bales of cotton issued permits. All cotton exports will be subject to an export tax of 2500 rupees / ton.

The General Administration of foreign trade (DGFT) has received about 1 million 300 thousand bales of cotton export licence applications, which are registered before export ban.

In May this year, the government put the cotton Waste cotton, combed / combed cotton columns are on the list of export restrictions, and each batch of exports is required to apply for a permit at the General Administration of trade.

The purpose of this regulation is to improve domestic cotton supply and reduce prices. But the new registration was suspended in April 19th. Exporter It is notified that the textile Commissioner will re evaluate the previously registered export contracts.

Informed sources said that if the government issued permits for all outstanding export orders, India exports will increase to 3 million 500 thousand bales from about 8000000 last year in the 2009-10 years (October -9 months).

Before expropriation of export tax, suspension of export registration and enforcement of the compulsory export licence system, the Cotton Advisory Committee estimated that 8 million cotton exports were exported in 2009-10.