LEGAL FRAMEWORK

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....nd services, shall come into force with effect from 27^th August, 2009 and shall remain in force until further orders. All exports and imports upto 26^th August 2009 shall be accordingly governed by the FTP 2004-2009.]   (b) The Foreign Trade Policy, 2009-2014, incorporating the Annual Supplement as updated on 5th June, 2012 shall come into force with effect from 5th June, 2012, unless ....

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....time period of an irrevocable commercial letter of credit, established before the date of imposition of such restriction. (b) However for operationalizing such irrevocable commercial letter of credit, the applicant shall have to register the Letter of Credit and contract with the concerned RA within 15 days of the issue of any such restriction or regulation.   -------------- Notes....