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    <title>Clarification regarding request of firms for extension in export obligation period.</title>
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    <description>Regional Authorities are empowered to consider requests for extension of the Block of years for fulfilment of export obligation and may allow extensions on payment of 2% of duty saved on unfulfilled export obligation for each block for licences up to Rs.50 crores; cases above Rs.50 crores are to be forwarded to DGFT (HQ) for EPCG Committee consideration. The rule applies to all licences irrespective of date of issue and is effective from the date of the circular.</description>
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    <pubDate>Mon, 17 Mar 2008 00:00:00 +0530</pubDate>
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      <description>Regional Authorities are empowered to consider requests for extension of the Block of years for fulfilment of export obligation and may allow extensions on payment of 2% of duty saved on unfulfilled export obligation for each block for licences up to Rs.50 crores; cases above Rs.50 crores are to be forwarded to DGFT (HQ) for EPCG Committee consideration. The rule applies to all licences irrespective of date of issue and is effective from the date of the circular.</description>
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