4.15.5
- Document type
- Procedure
- Dated
Back to Back Inland Letter of Credit (L/C)
4.15.5
The non-negotiable copy of inland L/C together with the photocopy of the Advance Authorisation/ DFRC/ DFIA duly carrying endorsements made by the bank shall be sufficient for the indigenous supplier to claim deemed export benefits. L/C issued against DFRC shall, however, be entitled only to benefit given in paragraph 8.3(b) of Policy, whereas L/C for other categories shall be entitled to benefits given in paragraph 8.3 (b) and (c) of the Policy.
The non-negotiable copy of inland L/C together with the photocopy of the Advance Authorisation/ DFRC/ DFIA duly carrying endorsements made by the bank shall be sufficient for the indigenous supplier to claim deemed export benefits. L/C issued against DFRC shall, however, be entitled only to benefit given in paragraph 8.3(b) of Policy, whereas L/C for other categories shall be entitled to benefits given in paragraph 8.3 (b) and (c) of the Policy.