Frequently Asked Questions (FAQs)
Question and Answer

Q. Should an AD open an LC for the period of beyond 360 days ? How an LC requiring payment periods beyond 360 days can be opened?


LCs for capital machinery import requiring payment period beyond 360 days should be opened only against external borrowing proposals approved by the Board of Investment (BOI) Scrutiny Committee.

Reference/ Related Link

FEPD Circular 37, 2014.

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