Extension of Export Obligation Period

5.11.3

To provide relief to exporters of those sectors where total exports in that sector / product group has declined by more than 5%, average export obligation for 2008-09 may be reduced proportionate to reduction in exports of that particular sector / product group during 2008-09 as against 2007-08.

(Above first sub-paragraph has been amended vide PN. NO. 151/2008, DT. 26/02/2009)

[OLD-
To provide relief to exporters of those sectors where total exports in that sector / product group has declined by more than 5%, average export obligation for 2007-08 may be reduced proportionate to reduction in exports of that particular sector / product groups during 2007-08 as against 2006-07.]

The sectors / product groups for which this relaxation is to be allowed shall be conveyed by the DGFT to all the RAs within three months of the end of the previous financial year, and the RAs shall re-fix the EO for previous year accordingly, for exporters in that sector / product group.