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    <title>Irrevocable letter of credit in the first sentence of Para 1.5 of FTP - Updated as on 19.04.2007</title>
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    <description>The Foreign Trade Policy is amended to substitute the phrase &quot;irrevocable letter of credit&quot; with &quot;irrevocable commercial letter of credit&quot; 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.</description>
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      <description>The Foreign Trade Policy is amended to substitute the phrase &quot;irrevocable letter of credit&quot; with &quot;irrevocable commercial letter of credit&quot; 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.</description>
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