The Head /Principal Offices of all

Authorized Dealers in Foreign Exchange

Dear Sirs/Madam

Import of Raw Sugar

It is clarified for the information of all the Authorized Dealers that the import of raw sugar by the private sector is allowed without limit / time bar, from worldwide sources except India and Israel. Therefore, Authorized Dealers may establish LCs for the import of raw sugar without obtaining prior approval from State Bank.

Please bring the above to the notice of all your constituents.