Regulatory Alerts2015-07-12
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FEPD Circular Letter No. 11: Import through LCAF without opening LC
The document notifies authorized dealer banks of the amendment to paragraphs 8(3) and 8(4)(b) of the Import Policy Order, 2012-15, via S.R.O. No. 161-Law/2015 issued by the Ministry of Commerce on June 4, 2015. Banks are required to inform relevant parties regarding these regulatory changes to facilitate imports through the LCAF form without opening a Letter of Credit.
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