ARO/ back to back L/C for AIL/ DFRC

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..... mport Policy, 2002-07, the Central Government hereby amends/corrects the Export and Import Policy, 2002-07 as under: 1. Paragraph 4.1.8 pertains to Advance Release Orders. It has been decided to permit Advance Release Orders against an Advance Licence for Intermediate Supplies also. Hence the first sentence of paragraph 4.1.8 is amended by deleting the expression "(except Advance Licence for inte .....

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..... under: An Advance Licence holder and holder of DFRC may, instead of applying for an Advance Release Order, avail of the facility of Back-to-Back Inland Letter of Credit in accordance with the procedure specified in Handbook (Vol.1). This issues in public interest. Sd/- (L.Mansingh) Director General of Foreign Trade Ex officio Addl Secretary to the Government of India (A.B.Menon) Dy. Director .....

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