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Keeping in view the genuine problem of the exporters , it has been decided that all exporters who have established irrevocable Letter of Credit for export of items for payment in Indian Rupees prior to 28th January,2000 may be allowed to export under the erstwhile paragraph 11.7 of the Policy (RE-99) , provided that the shipment is effected by 30th June,2000 and there is no change in the description of the goods as reflected in the original Letter of Credit.
Attention is invited to para 7.4 of the Exim Policy and Paras 7.55 to 7.62 of the Handbook of Procedure, Vol.I of Policy period 2000-2001 in terms of which DFRC licence would be issued to eligible manufacturer exporters or merchant exporters for import of inports used in export product. Customs Notification No. 48/2000-Cus. Has been issued on 25th April, 2000 to facilitate import under
