LC payment under Duty credit scrip and Export Obligation Posted on 17 April 2023 Category : For Beginners Irrevocable Letter of Credit payment under Duty credit scrip and Export Obligation According to Foreign Trade Policy 2015-20, in case where applicant applies for duty credit scrip / discharge of EO against confirmed irrevocable letter of credit (or bill of exchange which is unconditionally Avalised / Co-Accepted / Guaranteed by a bank) and this is confirmed and certified by exporter’s bank in relevant Bank Certificate of Export and Realization, payment of export proceeds shall be deemed to have been realized. For Status Holders, irrevocable letter of credit would suffice. The above information is a part of Online Export Import course How to export your product? 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Tips to exporters on Documentation What is LET EXPORT order in export trade? What is LC Letter of Credit in export import business What is legalization of documents by embassy? How to overcome Negative thoughts in export business Comments manoj: On 01 July 2022 I am too much interested in LC and want to be more strong in LC being a banker.Could you please suggest me and provide me notes if possible.The Lc basics with perspectives to our Asian country as a realistic examples and case study will be beneficial I guess .