The Presidents/Chief Executives
All Banks/DFIs

Dear Sirs/Madam,

MARGIN RESTRICTIONS FOR FINANCING AGAINST
THE SECURITY OF SUGAR STOCK (BOTH RAW AND REFINED)

It has been decided to withdraw the instructions issued vide BPD Circular No. 4 dated 9th June, 2006 and BPD Circular No. 10 dated 31st July, 2006 with immediate effect.