15A.7
- Document type
- Manual
- Dated
- Category
- Exchange Management Manual
Premium for Extension of Insurance Cover on Imports
Sometimes, importers may not retire documents received under letters of credit promptly and goods may meanwhile arrive at the Indian port and remain unprotected in the docks. In cases where marine insurance has been taken abroad and normal period has expired, authorised dealers have been granted permission to have the insurance cover extended and to remit the insurance premium (See paragraph 7A.14). War etc.