Regulatory Alerts2018-05-08
Added · Updated
FEPD Circular No. 11: Regarding to open LC on 90 Days deferred payment basis under commercial IRC to import Ophthalmic Medical Equipment including Intraocular Lens
The document authorizes approved dealer banks to establish letters of credit on a 90-day deferred payment basis under commercial Import Release Certificates for the import of essential ophthalmic medical equipment, including intraocular lenses. This directive amends previous guidelines by extending the permitted deferred payment facility to these specific medical imports. The instruction takes immediate effect and requires all concerned parties to be informed.
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