     
     |
 |
|
Export
Policy and Procedures Order 2000.
(SRO 482 (I)/2000 Dated 11th July, 2000
An extract of Notification SRO 482(I)/2000
dated 11th July 2000 Issued by Ministry of commerce, Gov't
of Pakistan on Export Policy is as under :-
|
| S.NO. |
ITEM/GOODS
|
CONDITIONS/PROCEDURE/FORMALITIES
|
|
1
|
Cotton
|
1.
Export contract registration with EPB against security deposit
of 2% of the contract value and presentation of the same before
customs authorities with shipping documents alongwith cotton
grading and classification certificate issued by the Pakistan
Cotton Standards Institute. |
|
|
2.An
irrevocable letter of credit shall be opened by the buyers
within thirty-five(35) days and the shipment of contracted
quantity shall be completed within one hundred and eighty
(180) days of the registration of contract. In case letter
of credit is not opened within the stipulated time or non-performance
of the contract the security deposit shall be forfeited by
the State Bank of Pakistan proportionate to the quantity not-shipped. |
|
N O T
I C E
|
|
Subject
: Export Registration Procedure of Raw Cotton/Registration
Certificate thereof.
|
The corrected
version of the Registration Certificate for registration of export
contracts of Raw Cotton of private sector exporters with EPB, mentioning
also the 'Unit Price' at S.No. VII as supplied by EPB is here under.
|
|
SUBJECT:
|
PROCEDURE
FOR EXPORT SALES OF COTTON DURING THE CURRENT CROP SEASON 2000-2001.
|
We reproduce hereunder
Minister of Commerce Notification/SRO 632 (I)/2000 dated 08-09-2000 regarding
ammendment in the Export Policy and Procedures Order 2000 on the above
subject, for informatin of cotton exporters.
|
Government
of Pakistan
Ministry of Commerce
|
|
Islamabad,
the 8th September, 2000
|
|
Notification
|
S.R.O. 632(i)2000
- In excercise of the powers coferred by sub-section (I) of section 3
of the Imports and Exports (Control) Act, 1950 (XXXIX of 1950), the Federal
Government is pleased to make the following ammendment in the export Policy
and Procedures Order, 2000 namely :-
In the aforesaid Order, in Schedule III, against the entry at serial No.
2, in the column (I) in column (3), after condition (2), the following
new condition shall be added namely :-
"3. The export of cotton shall be allowed on the basis of types
as well as grades during the current crop season 2000-2001. The exporters
shall, however mention the grade equivalence on the shipping documents
if they out to export the cotton on type basis and the requirement of
classification and grading certificate in such cases, shall be dispensed
with, if the ginned cotton is packed in export packings all the ginning
stage"
|
Sd/-
Tariq Ahad Nawaz
Deputy Secretary
|
|
SCHEDULE-II
TO EXPORT POLICY ORDE 2004
- SRO.635 (I)/2004 Dated 22-07-2004
An extract of Notification SRO 635(I)/2004 dated
22-07-2004 Issued by Ministry of commerce, Gov't of Pakistan on
Export Policy is as under :-
|
| S.NO. |
ITEM/GOODS
|
CONDITIONS/PROCEDURE/FORMALITIES
|
|
2
|
Cotton
|
1.
Export contract registration with EPB against security deposit of
1% of the contract value and presentation of the same before customs
authorities with shipping documents alongwith cotton grading and classification
certificate issued by the Pakistan Cotton Standards Institute. |
|
|
2.An
irrevocable letter of credit shall be opened by the buyers
within thirty-five(35) days and the shipment of contracted
quantity shall be completed within one hundred and eighty
(180) days of the registration of contract. In case letter
of credit is not opened within the stipulated time or non-performance
of the contract the security deposit shall be forfeited by
the State Bank of Pakistan proportionate to the quantity not-shipped. |
|
~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~
|
|
Subject
: Registration of Export Contract of Raw Cotton - 2005 -
2006.
|
|
.
|
Excerpts from Ministry of Commerce, Government of Pakistan letter
No. 1(02) / 05 - Tex dated 02-11-2005, on the above subject, is
reproduced below for information of the Cotton Trade.
"It
is to confirm that under item No. 2 schdule II of the Export Policy
Order 2005, the contract registration by EPB for export of cotton
against the irrevocable Usance letter of Credit is also permissible
in addition to contract registration against irrevocable sight
letter of credit."
|
|
