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    <title>Issue of Directions by Reserve Bank in Certain Cases</title>
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    <description>The Reserve Bank may direct exporters, before export, to secure payments by an irrevocable letter of credit or other specified arrangements; require that declarations be submitted to the authorised dealer for prior approval, which may be granted, withheld or conditional; and require submission of a copy of the declaration to a designated certifying authority to verify declared export value. No such direction shall be issued, nor approval withheld, without giving the exporter a reasonable opportunity to make representations.</description>
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      <description>The Reserve Bank may direct exporters, before export, to secure payments by an irrevocable letter of credit or other specified arrangements; require that declarations be submitted to the authorised dealer for prior approval, which may be granted, withheld or conditional; and require submission of a copy of the declaration to a designated certifying authority to verify declared export value. No such direction shall be issued, nor approval withheld, without giving the exporter a reasonable opportunity to make representations.</description>
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