Please refer to SMEFD Circular Letter No. 02 dated March 03, 2009 in terms of which waiver for 90 days, up-to June 30, 2009, was allowed for the purpose of availing financing under EFS to exporters whose export proceeds were overdue.

2. On the representations made by various exporters’ associations it has now been decided to extend the period of above waiver for another 180 days up-to December 31, 2009.

3. Other instructions on the subject shall remain unchanged.

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