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Global Trade Alert

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India: Letter of credit disallowed as deemed export realization

Description

On 13 March 2018, the Indian Directorate General of Foreign Trade through Public Notice 65/2015-20 amended the Foreign Trade Policy to disallow an Irrevocable Letter of Credit to be used as a deemed e...

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Intervention Details

Intervention Type

Export subsidy

MAST Chapter

P: Export-related measures (incl. subsidies)

Implementation date

13 Mar 2018

Revocation date

No revocation date

Implementation level

National

Affected flow

Outward subsidy

Announced as temporary

No

Eligible firms

all

Affected Trading Partners

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Affected Products

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