In view of the particular circumstances impacting exporters of Rice and Leather & Leather Manufactures in meeting their required export performance, the following relief is being provided to these sectors under EFS Part-II for FY 2014-15:

i. An additional period of 6 months has been allowed to those exporters of rice and leather & leather manufacturers who have short fall in required performance in the monitoring year 2014-15. Accordingly, eligible entries showing shipments and export realization up to December 31st, 2015 are allowed to be included in the export performance of FY 2014-15.
This export performance of extended period will also be considered for entitlement of limit of FY2015-16.

ii. Exporters requiring this relaxation will have to submit additional EF-1/EE-1 statements through their banks to respective SBP BSC office latest by May 31, 2016 duly verified by the concerned Foreign Exchange Operation Department/Division (FEOD).

2. 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 2014-15.

3. Other instructions on the subject shall remain unchanged.

Please acknowledge receipt.