Export obligation removal: licences and LOIs deemed exempt where the item has been dereserved, simplifying exemption procedure. Industrial licences and Letters of Intent that originally carried an export obligation for items reserved to the Small Scale Sector will be deemed exempt from that export obligation where those items have been dereserved by Gazette notification; no separate amendment or endorsement is required, and attaching this Press Note with the relevant dereservation notification will suffice to obtain exemption. Holders may alternatively file an Industrial Entrepreneurs' Memorandum in lieu of IL/LOI where permitted and where licence conditions are to be varied.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Export obligation removal: licences and LOIs deemed exempt where the item has been dereserved, simplifying exemption procedure.
Industrial licences and Letters of Intent that originally carried an export obligation for items reserved to the Small Scale Sector will be deemed exempt from that export obligation where those items have been dereserved by Gazette notification; no separate amendment or endorsement is required, and attaching this Press Note with the relevant dereservation notification will suffice to obtain exemption. Holders may alternatively file an Industrial Entrepreneurs' Memorandum in lieu of IL/LOI where permitted and where licence conditions are to be varied.
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