In order to address the problems of delay in meeting export orders due to heavy shortage of power, it has been decided to allow an additional period of two months for the exporters having shortfall in required performance under Part-II for the monitoring year 2011-12. Accordingly, they may include entries showing realization of export proceeds during July and August, 2012 in their EF-1 statement for the year 2011-12. However, exporters having met the performance requirements of the Scheme shall submit EF-1 statement for the purpose of verification to FEOD during July-August, 2012 as usual.
2. The above relaxation is only for the purpose of allowing extended period (i.e. till August 31, 2012) for matching performance requirement and in no way be construed as an extension in export proceeds realization period as laid down under foreign exchange rules and regulations.
3. Further those exporters who avail above benefit of extension in performance period shall not be allowed to avail benefit of incentives based rebate of mark up (under SBP SMEFD circular No. 6 of 2009) for the year FY 2011-12.
4. Other instructions on the subject shall remain unchanged.
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