NOTIFICATION NO. 20/2007, DT. 13/08/2007

Irrevocable letter of credit in the first sentence of Para 1.5 of FTP - Updated as on 19.04.2007

S.O.(E) In exercise of powers conferred by Section 5 of the Foreign Trade (Development & Regulation) Act, 1992 read with Paragraph 1.3 of the Foreign Trade Policy(FTP), 2004-2009, as amended, the Central Government hereby makes the following amendments with immediate effect in FTP, 2004-2009 (Updated as on 19.04.2007):-

2. The words ‘irrevocable letter of credit’ in the first sentence of Para 1.5 of Foreign Trade Policy, 2004-2990 (Updated as on 19.04.2007) shall be substituted by the words ‘irrevocable commercial letter of credit’.

3. This issues in Public Interest.

(Please refer P. CIR. NO. 04/2007, DT. 16/08/2007 - for Transitional Arrangements under Para 1.5 of Foreign Trade Policy, 2004-2009)

(R.S. Gujral)
Director General of Foreign Trade
Ex Officio Addl. Secretary to the Govt. of India

(Issued from File No.01/91/180/000629/AM08/PC-III)

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