NEW DELHI, Nov 17: The government has decided to allow 100 per cent export oriented units (EOUs) and export processing zones (EPZs) manufacturing cotton yarn to export them without any restrictions.The decision has been taken after keeping in view the availability of yarn to boost sagging exports of cotton yarn from the country, an official press release said today.
Mills would have to approach the Cotton Textile Export Promotion Council (TEXPROCIL) for export quotas. For integrated units exporting cotton yarn the relaxation would be subject to the unit being fully installed and certified as a balanced unit of spinning and weaving capacity by the textile commissioner.
The exports would also be not more that shipment of fabrics in value terms. Besides, it would be governed by the letter of undertaking regarding export obligation, the release added.
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