In Order To Increase Export Volume Of Cotton, India General Administration Of Foreign Trade Has Achieved Remarkable Results.

To speed up censorship Cotton cotton trader The application submitted by the Ministry of foreign trade of the Ministry of Commerce of India revised the procedures for obtaining RCS.

Different from earlier procedures, people need to go to various departments to register and authenticated earlier. Now the General Administration of foreign trade has authorized the sending of all documents and related documents by e-mail. The purpose is to issue questions when the exporters are ready to issue hard copies and other related documents, and if there are any problems, they will be assessed after the documents are assessed by the General Administration of foreign trade. In the past, a registration certificate took weeks, sometimes it took months to get it. After the introduction of the new application method, a registration certification can only be issued in one or two days.

The new procedure calls for faster export speed, especially for the General Administration of foreign trade at the beginning of this month. Cotton export The business has revised its guidelines. In fact, the General Administration of foreign trade has clarified a notice issued in May 4th. The number of the first registration certifications has been exported to at least 50%. According to the certificate of record, only second registered certificates can be issued to an exporter.

Generally speaking, it takes at least one month for an exporter to complete the export volume from the date of registration. 50% mandatory shipping terms, so it is necessary to expedite the execution of export orders in order to get another registration certificate for the next entrustment.

Although the government allows exports, the benchmark is still Carle 6 in the spot market in Ahmedabad. Cotton varieties The price is stable at 35000 rupees / candy (356 kg). So far, 16 million bales of cotton have been exported. By the end of this month, exporters expect the export volume to increase to 20 million bales.