Export liberalisation: authorised dealers may approve caution-listed exporters' forms upon advance payment or irrevocable letter of credit. Authorised Dealers may approve GR, PP, SDF and Softex forms of caution-listed exporters if the exporter produces evidence of an advance payment or a valid irrevocable letter of credit covering the full export value; approval is permissible for usance bills where the letter of credit permits such drawings and the usance bills mature within six months from shipment.
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Provisions expressly mentioned in the judgment/order text.
Export liberalisation: authorised dealers may approve caution-listed exporters' forms upon advance payment or irrevocable letter of credit.
Authorised Dealers may approve GR, PP, SDF and Softex forms of caution-listed exporters if the exporter produces evidence of an advance payment or a valid irrevocable letter of credit covering the full export value; approval is permissible for usance bills where the letter of credit permits such drawings and the usance bills mature within six months from shipment.
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