Export permission under prior policy for irrevocable LCs permitted when shipment completed by specified deadline and goods unchanged. Exporters with irrevocable Letters of Credit established before 28 January 2000 for payment in Indian rupees may export under the former paragraph 11.7 provided shipment is effected by the prescribed deadline and the description of goods remains unchanged from the original Letter of Credit; this relaxation addresses difficulties complying with original LC validity and is issued with approval of the Director General of Foreign Trade.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Export permission under prior policy for irrevocable LCs permitted when shipment completed by specified deadline and goods unchanged.
Exporters with irrevocable Letters of Credit established before 28 January 2000 for payment in Indian rupees may export under the former paragraph 11.7 provided shipment is effected by the prescribed deadline and the description of goods remains unchanged from the original Letter of Credit; this relaxation addresses difficulties complying with original LC validity and is issued with approval of the Director General of Foreign Trade.
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