Please refer to BPRD Circular No.33 read with BPRD Circular
No. 37 dated the 14th October, 1999 and 27th
October, 1999 respectively on the above subject.
2.
With a view to encouraging capital formation and reviving
the economy it has been decided to withdraw, effective from
1st November 1999, the minimum margin requirement
for opening Letter of Credit for machinery of all kinds and
their spare parts.
Please acknowledge receipt.
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