Letters of Credit extensions allowed after maize export ban for pre ban LCs eligible under transitional arrangements. The Notification adds that exporters may obtain extensions of existing Letters of Credit opened prior to the maize export ban and eligible under the Transitional Arrangements in Para 1.5 of the Foreign Trade Policy, 2004-09, for a further short period; the amendment is effective immediately as a public interest measure under the Foreign Trade (Development & Regulation) Act.
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Letters of Credit extensions allowed after maize export ban for pre ban LCs eligible under transitional arrangements.
The Notification adds that exporters may obtain extensions of existing Letters of Credit opened prior to the maize export ban and eligible under the Transitional Arrangements in Para 1.5 of the Foreign Trade Policy, 2004-09, for a further short period; the amendment is effective immediately as a public interest measure under the Foreign Trade (Development & Regulation) Act.
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