The Central government has extended the export entitlement quota for readymade garments & knitwear, yarn and fabrics and made-ups to the US, Canada and European Union for one year with effect from January 1, next year. ‘The government hereby decides to extend the operation of the residuary provisions of yarn, fabrics & made-ups export entitlement (quota) policy for a further one year with effect from 1 January, 2017,’ reads a notification issued by the Ministry of Textiles.

The government has also extended the operation of residuary provisions of garments and knitwears export entitlement (quota) policy for a one more year with effect from January 1, 2017. Garments and knitwear export entitlement policy is applicable with respect to countries where such exports are covered by restraints under the provisions of the agreement on textiles and clothing.

Export entitlements will be allotted only to exporters registered with the competent registering authorities as per the export-import policy prevailing from time to time. Quantities that become available from time-to-time on account of surrenders, flexibilities or otherwise shall also be allocated under the First Come First Served (FCFS) system.

Earlier, the government had decided to enforce operation of residuary provisions of garments and knitwear export entitlement (quota) policy and yarn, fabrics & made-ups export entitlement (quota) policy initially for one year with effect from January 1, 2005, and extended the same from time-to-time. These provisions had been extended up to December 31 this year.