Based on the representations made by SIMA, TEXPROCIL and CITI and constant follow-ups, the Government has removed the mandatory registration, and brought cotton and cotton yarn export under free list with effect from 8th December, 2014. Earlier the Government removed the quantitative restrictions both on cotton and cotton yarn exports but continued with mandatory registration and other complicated export procedures including time restriction, penalty clauses for defaulters, etc. This has been causing hardships for the cotton and cotton yarn exporters. T.Rajkumar, Chairman, The Southern India Mills’ Association (SIMA) has thanked the Government for bringing cotton yarn exports, a manufactured good, under free list. “The industry has been suffering during the last four years due to the unwanted procedures and transaction cost. He has said that the mills had to export the registered quantity within a period of 30 days and also furnish data along with various documents which was a cumbersome clerical work both for the exporters and the department,” he said.
