Para 19.6 — CAM

19.6 OPENING OF LETTERS OF CREDIT(LC) BY AUTHORISED BANKS IN FAVOUR OF FOREIGN SUPPLIERS IN CONNECTION WITH THE IMPORT OF EQUIPMENTS AND COMPONENTS BY CENTRAL GOVERNMENT MINISTRIES/DEPARTMENTS

Note: - In cases where the foreign supplier insists on opening of a LC, the concerned Department may insert a suitable provision to that effect in the contract, and arrange to have the LC opened, keeping in view the orders on the subject. (Authority: File No. 1(13) (1)/86/TA)