Deletion of the condition of "Export obligation".

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..... production in the Small Scale Sector. For production of such items in the non-small scale sector units, an industrial licence is required to be obtained under the provisions of the Industries (Development Regulation) Act, 1951. Industrial licence in such cases is granted subject to export obligation of 50% of annual production in terms of Notification No. S.O. 881(E) dated 18.12.97. 2. The li .....

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..... n for items which stand dereserved by an appropriate notification. No separate amendment/endorsement deleting the condition of export obligation in Industrial licence(s)/Letter of Intent would be necessary. It will be sufficient to attach a copy of this Press Note and the relevant notification on dereservation of an item for the purpose of obtaining exemption from the condition of "Export obligati .....

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