ENHANCEMENT OF UPPER LIMIT OF LC VALUE ISSUED WITHOUT USING SWIFT TO USD 10,000 FROM USD 7,500 FOR IMPORT OF COAL THROUGH LAND PORT. REF: FEPD CIRCULAR NO. 04 DATED 19.05.2015.

Please refer to paragraph 21(i)(f), chapter 7 of the Guideline s for Foreign Exchange Transactions-2009, Vol. 1 and FEPD CIRCULAR NO. 11 DATED 15.10.2012.

  1. It has been decided to relax the upper limit of FEPD Circular No. 11 dated 15.10.2012 and enhance the upper limit of LC up to USD 10,000 from USD 7,500 for import of coal through land without using SWIFT.

Please inform the above instruction, effective immediately, to all your constituents.

Leave a Reply

Your email address will not be published. Required fields are marked *