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        DGFT

        Irrevocable letter of credit in the first sentence of Para 1.5 of FTP - Updated as on 19.04.2007 - 020/2007 - Foreign Trade Policy

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        Irrevocable commercial letter of credit replaces earlier term in FTP paragraph 1.5, amending policy wording immediately. The Foreign Trade Policy is amended to substitute the phrase 'irrevocable letter of credit' with 'irrevocable commercial letter of credit' in the first sentence of Paragraph 1.5 of FTP 2004-2009 (updated); the substitution is effected by executive notification under statutory powers and takes immediate effect.
                          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.

                                Irrevocable commercial letter of credit replaces earlier term in FTP paragraph 1.5, amending policy wording immediately.

                                The Foreign Trade Policy is amended to substitute the phrase "irrevocable letter of credit" with "irrevocable commercial letter of credit" in the first sentence of Paragraph 1.5 of FTP 2004-2009 (updated); the substitution is effected by executive notification under statutory powers and takes immediate effect.


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