Please refer
to the captioned scheme, circulated vide BPRD Circular No
44 dated 17th December 1998 and amendments made
therein from time to time.
2. As you are
aware that under the revised instructions, the Direct Exporters
are required to make payments to their input suppliers viz.,
indirect Exporters through an inland Letter of Credit. Alternatively
the Direct Exporters can also make payments to the indirect
Exporters through Cheques drawn on the loan accounts.
3.
It has been decided that effective from 1st July,
1999 the Direct Exporters, who would make payment to their
indirect Exporters (IDE) through cheques, shall issue a formal
Standardized Purchase Order (SPO) to their IDEs. The SPO would
enable the indirect enable the indirect Exporters to have
access to the financing facilities from commercial banks under
the captioned Scheme. Format of the Standardized Purchase
Order is enclosed.
Please acknowledge receipt.
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