The Ministry of Commerce (MoC) has released the exceptional flexibility (EF) quota in categories (Cats) 4 and 5. The exporters will be entitled to EF quota at the ratio of 25.90 percent in Cat-4 and 15.25 percent in Cat-5.
A circular, issued by the Textile Quota Management Directorate (TQMD) here on Tuesday, said that the quota had been released on the recommendation of the Quota Supervisory Council (QSC).
The terms and condition for the availability and use of the EF quota are as under:
-- The quantity of the EF quota will be calculated on the basis of authenticated entitlement of 2004 plus quota acquired through auction in 2004.
-- Quota allocated under the EF will be for one time use only and will not count towards the performance subsequently.
-- Quota allocated under the EF will be transferable and the transaction will be made on the coloured pages.
-- The other terms and conditions for utilisation of the EF quota will remain the same as announced vide SRO 5 (1)/2001 dated January 3, 2001 as amended from time to time.
The TQMD, through another circular, has informed the exporters that the Ministry of Commerce has extended the facility of transfer of quota of Cat-2 to Cat-2-A for European Union (EU).
The circular invites the exporters attention to the Export Promotion Bureau's circular No 1(1)/2003-TQM dated May 21, 2004 on the subject and wish to inform them that the Ministry of Commerce (MoC) has been pleased to extend the facility of transferability of quota of Cat-2 to Cat-2-A for the European Union (EU).
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