India Will Receive A 2% And 5% Deposit For Cotton Exports This Year.
India cotton The company will report the current year. cotton The deposit is collected as follows:
Cotton merchants who purchase cotton or more than 15000 packages (2550 tons) between 1.03/04 and 07/08 will receive a 2% deposit on the basis of FOB price when signing a contract in 08/09.
2. nearly five years of purchase cotton Less than 15000 packages of cotton merchants will receive a 5% deposit when signing a contract this year.
Three Cotton merchant All deposit should be delivered within 10 days after signing the contract.
Four Cotton merchants After the deposit is paid, the interest rate is 7.5% before the delivery date.
5. for collecting 2% deposit For cotton traders, if there is still no shipment of cotton for more than 105 days of shipment, the deposit will be increased to 5% according to the export clause No.7 (b).
Editor: vivi
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