What is the meaning of Irrevocable letter of Credit?
Should Letter of Credit treated as confirmation of realisation of export proceeds?
Please advice
Thanks
What is the meaning of Irrevocable letter of Credit?
Should Letter of Credit treated as confirmation of realisation of export proceeds?
Please advice
Thanks
Letter of Credit in simple term is a promise to pay been made by bank on behalf of customer. Irrevocable letter of credit is the L/C which cannot be revoked i.e. which cannot be withdrawn.
Hi,
Can we change the purpose of FIRC after a year.. kindly guide me. What are all the rules and regulations applicable for this...
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