Clarification on Exim Policy matters concerning Indian exports to Russia

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.... The Federation of Indian Export Organizations, New Delhi & (4) All Chambers of Commerce and Industries /Assoication on mailing list. Subject: Clarification on Exim Policy matters concerning Indian exports to Russia Sir, Representations have been received from various exporters seeking clarifications on the matters relating to Indian exports to Russia. The same have been considered in consulta....

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....erable Letter of Credit opened against funds available in Special rupee Escrow Accounts provided transferable Letter of Credit is transferred in the name of the applicant exporter prior to filing of the advance licence application through proper banking channel.In such exports, the export benefits would be available only to the transferee.This benefit of issuance of Advnce Licence against transfer....