Deletion of the condition of "Export obligation".

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....e 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 list of items reserv....

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....tand 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 obligation". 4 It is also ....