Bloomberg News

Indian Cotton Ban Not Applicable for LEOs Issued to March 4

March 09, 2012

India’s cotton-export ban is not applicable for consignments for which Let Export Orders had been issued up to midnight on March 4, the Commerce Ministry said.

The customs authority sends export data daily to a department in the Commerce Ministry generated out of its trade reports, which are based on Let Export Orders issued that day, the ministry said. Any consignment for which an LEO has been issued is reported as having been exported, it said. So consignments for which LEOs had been issued up to midnight on March 4 are outside the ban, it said.

To contact the editor responsible for this story: James Poole at jpoole4@bloomberg.net


Tim Cook's Reboot
LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus