GTEB CIRCULAR NO. 5, S. OF 1999, March 09, 2000
QUOTA TRANSFER AND SWAP SCHEMES FOR US CATEGORIES 338/9, 347/8, 638/9, 647/8 AND CANADA /8A
Garments and Textile Export Board (GTEB) authorized the lifting of the
suspension on transfer and swap schemes that were suspended under
Circular 011 dated December 3, 1998 for the highly critical categories:
US categories 338/9, 347/8, 638/9, 647/8 and Canada category 7/8A —
subject to the following conditions:
1. Transfer
a. The maximum quantity to be transferred is 20% of the firm’s total EQ in a particular category.
b. Firms with Export Quota (EQ) in a particular category and were
granted Export Authorizations (EA) during regular allocation are not
allowed to transfer any quota during the year.
c. Firms that transferred EQ in a particular category are
disqualified to participate in the over-the-counter (OTC)/guarantee
allocation for that category.
2. Swaps
In order for the Swap scheme to be effective and to avoid any
circumvention of the rules, the Swap must be limited between categories
of the same status i.e. swap between critical categories; swap between
semi-critical, and swap between non-critical categories.
3. Except for the above changes all other provisions of Rule V Sec. 9 of the Rules on Transfer and Swap schemes will remain.
Adopted: 09 March 2000
(SGD) THELMA K. JOVER
Officer-In-Charge