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DGFT Foreign Trade Policy Foreign Trade Policy (upto 07/04/2005) PARA 4.1.12

Back-to-Back Inland Letter of Credit

4.1.12

An Advance Licence holder, holder of advance licence for annual requirement, holder of Diamond Imprest Licence and holder of DFRC may, instead of applying for an Advance Release Order, avail of the facility of Back-to-Back Inland Letter of Credit in accordance with the procedure specified in Handbook (Vol.1).

(Para 4.1.12 has been amended vide NTF. NO. 19/2004, DT. 19/01/2005)

[OLD-
An Advance Licence holder, holder of advance licence for annual requirement and holder of DFRC may, instead of applying for an Advance Release Order, avail of the facility of Back-to-Back Inland Letter of Credit in accordance with the procedure specified in Handbook (Vol.1). ]

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