Security requirement for merchant exporters registered with recognised export promotion councils put in abeyance, easing export compliance. The Board has suspended the instruction requiring merchant exporters to furnish a 25% security with export bonds for merchant exporters registered with a Recognised Export Promotion Council, directing that the 25% security not be insisted upon for such registered exporters until further order and that field formations be informed.
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Provisions expressly mentioned in the judgment/order text.
Security requirement for merchant exporters registered with recognised export promotion councils put in abeyance, easing export compliance.
The Board has suspended the instruction requiring merchant exporters to furnish a 25% security with export bonds for merchant exporters registered with a Recognised Export Promotion Council, directing that the 25% security not be insisted upon for such registered exporters until further order and that field formations be informed.
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