LC Opening Additional Conditions

Foreign Exchange → Import Trade → LC Opening Additional Conditions

SL	Title
1	Issuance of letters of credit (LCs) with realization clause. Ref: FEPD Circular No. 15 dated 04-Apr-2021.
2	Waiver of quarterly repayments against imports permissible under supplier’s/buyer’s credit. Ref: FEPD Circular No. 42 dated 06-Oct-2020.
3	Relaxation on Quarterly Repayment for imports under supplier’s/buyer’s credit. Ref: FEPD Circular No. 46 dated 04-Dec-2019.
4	Amendment of paragraph 2, Chapter 7 of GFET-2018 (Vol-1). Ref: FEPD Circular No. 29 dated 18-Jul-2019.
5	Using 9-digit E-BIN issued online. Ref: FEPD Circular Letter No. 06 dated 25-Apr-2017.
6	MENTIONING BIN/VAT REGISTRATION NUMBER IN LETTER OF CREDIT, BILL OF LADING, AND OTHER SHIPPING DOCUMENTS. REF: FEPD CIRCULAR LETTER NO. 21 DATED 21.07.2016.
7	REGARDING MENTION OF RIGHT DESCRIPTION AND H.S. CODE OF PRODUCT IN LC AND LCA FORM. REF: FEPD CIRCULAR LETTER NO. 06 DATED 15.04.2015.
8	REGARDING THE USE OF JUTE BAG MANDATORILY WHILE PACKAGING IMPORTED RICE AND WHEAT BY GOVERNMENT AND PRIVATE SECTOR. REF: GBCSRD CIRCULAR LETTER NO. 04 DATED 23.12.2014.
9	PROVIDING SUFFICIENT INFORMATION OF IMPORTED GOODS IN THE L/CS SUCH AS NAME, DESCRIPTION, QUANTITY, HS-CODE, PRICE ETC. FOR ENSURING PROPER MANAGEMENT & MONITORING THE RELEASE OF IMPORTED GOODS UNDER L/C AFTER COMPLETING CUSTOMS PROCEDURE. REF: FEPD CIRCULAR LETTER NO. 07 DATED 05.05.2014.
10	REGARDING NON-ISSUANCE OF LC WITHOUT OBTAINING VAT REGISTRATION NUMBER (BIN) AS IMPORTER AND MENTIONING HS CODE OF IMPORTED ITEMS IN IMPORT BILL OF LADING. REF: FEPD CIRCULAR LETTER NO. 31 DATED 23.10.2013.

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