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.

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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."

 

SCHEDULE-II TO EXPORT POLICY ORDE, 2008.
- SRO.759 (I)/2008 Dated 18-07-2008

An extract of Notification SRO 759(I)/2008 dated 18-07-2008 Issued by Ministry of commerce, Gov't of Pakistan on Export Policy is as under :-

1. Export contract registration with TDAP 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.

3. The export of cotton shall be allowed on the basis of types as well as grades. The exporters shall, however mention the grade equivalence on the shipping documents if they opt 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.

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SCHEDULE-II TO EXPORT POLICY ORDE, 2009.
- SRO.767 (I)/2009 Dated 04-09-2009.

An extract of Notification SRO 767(I)/2009 dated 04-09-2009 Issued by Ministry of commerce, Gov't of Pakistan on Export Policy is as under :-

(i) Export contract registration with TDAP 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.

(ii).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.

(iii). The export of cotton shall be allowed on the basis of types as well as grades. The exporters shall, however, mention the grade equivalence on the shipping documents if they opt 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.

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SCHEDULE-II TO EXPORT POLICY ORDER, 2013.
- SRO.192 (I)/2013 Dated 08-03-2013.

An extract of Notification SRO 192(I)/2013 dated 08-03-2013 Issued by Ministry of commerce, Gov't of Pakistan on Export Policy is as under :-

"(i) Export contract registration with TDAP 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.

(ii).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.

(iii). The export of cotton shall be allowed on the basis of types as well as grades. The exporters shall, however, mention the grade equivalence on the shipping documents if they opt 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."

The Ministry of Commerce has issued above referred SRO and accordingly registration process for export of Raw cotton contract for the year 2013-14 which governs the registration of export contracts of raw cotton; and State Bank of Pakistan may issue/ accept necessary bank guarantees in this regard in terms above.
The Export Policy announced earlier is for three years i-e 2012-15, through SRO’s which is available oon Ministry of Commerce website http://www.commerce.gov.pk.

 

 

 

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