As you are aware, the Central Government has issued an Order of Moratorium in respect of Global Trust Bank Ltd (GTB) till October 23, 2004. In terms of the order of Moratorium, depositors of GTB will be permitted to withdraw up to Rs 10,000/- only from their accounts with the bank during the period of moratorium.
In exercise of the powers conferred under paragraph 2.4 of the Export and Import Policy 2002-2007 and Paragraph 1.1 of Handbook of Procedures (Vol.1), as amended, the Director General of Foreign Trade hereby makes the following addition/amendment in the Handbook of Procedures (Vol.2), 2002-07.
