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Customs - Highlights / Catch Notes

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Import of restricted item or not - shafts - If shipment is made ...


Import of Restricted Shafts Allowed if Letter of Credit Established Before Restrictions, per Foreign Trade Policy.

May 20, 2019

Case Laws     Customs     AT

Import of restricted item or not - shafts - If shipment is made within original validity of irrevocable commercial letter of credit established before the date of imposition of such restriction of import/export, then such export or import is permitted under FTP upto the time limit prescribed in such letter of credit.

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