LEGAL FRAMEWORK

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..... services, shall come into force with effect from 1st April, 2008 and shall remain in force 'till further amendments' unless otherwise specified. ] Amendments 1.3 Central Government reserves right in public interest to make any amendments by notification to this Policy in exercise of powers conferred by Section 5 of FT (D R) Act. Transitional Arrangements 1.4 Authorisation issued .....

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..... of an irrevocable commercial letter of credit, established before date of imposition of such restriction. However, a time limit for operationalising such LCs may be prescribed. ******************** Notes : 1. Has been inserted vide Notification No. 20/ (RE-2008)/2004-09 dated 01/07/2008 2. Substituted vide Notification No. 70 (RE-2008)/2004-2009, dated 08/12/2008, before it .....

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