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Utilisation of PCFC

This query is : Resolved 
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(Querist)
11 November 2008 whether PCFC (preshipment loan) taken can be utilised to settle forward contract
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S.Srinivasaraghavan

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S.Srinivasaraghavan (Expert)
11 November 2008 No, in my opinion.
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
11 November 2008 I also say No.
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