Waiver of Export Obligation - force majeure – DGFT deletes para

By Vijay Kumar

As per para 5.11.2 of the HBP (Vol.I) 2004-09,

Waiver of EO may be considered where, because of force majeure or other unforeseen circumstances/reasons which are beyond the control of the exporters (like steep fall in international prices, technological obsolescence etc.), and the exporter is unable to fulfill export obligation. Such requests shall be considered by a Committee comprising representative(s) of DoC and DoR under DGFT. Decision of this committee shall be notified by DoR for implementation.

Now, the DGFT has deleted this para.

DGFT Public Notice No. 162 (RE-2008)/2004-2009, Dated: March 23, 2009