TaxTMI 
TaxTMI 
Dear Experts,
Explain briefly about Letter of Credit related to EOU exports & imports
Thanks
About Letter of Credit
22 Jun 2015 
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Letter of Credit requirements for EOU exports and imports focus on documentary compliance and customs-aligned bank verification.
Letter of Credit treatment for Export Oriented Units concerns using Letter of Credit instruments to secure payment for EOU exports and to facilitate authorized imports; operative points include documentary presentation standards, bank negotiation and verification, alignment with EOU permissions, and compliance with customs and foreign exchange procedures. (AI Summary)
Letter of Credit treatment for Export Oriented Units concerns using Letter of Credit instruments to secure payment for EOU exports and to facilitate authorized imports; operative points include documentary presentation standards, bank negotiation and verification, alignment with EOU permissions, and compliance with customs and foreign exchange procedures. (AI Summary)