Question
In a documentary credit transaction, what is the
significance of the 'expiry date' mentioned in the letter of credit?Solution
The expiry date in a documentary credit specifies the latest date by which the exporter must present the required documents to the bank in order to receive payment. If the documents are presented after this date, the exporter may not receive payment under the terms of the letter of credit.
How much did India’s toy exports amount to in the fiscal year 2023-24?
Who has been appointed as the new Revenue Secretary in the Finance Ministry as of April 2025?
As part of the T+0 settlement cycle initiative, SEBI expanded the number of top market cap scrips eligible for faster settlements from 25 to how many, ...
National Mountaineering Day in India is celebrated on:
What is the name of the newly discovered giant fungus species found in Arunachal Pradesh?
When is Indian Navy Day traditionally celebrated each year?
A four year mentorship programme ‘Project Arohan’ to provide guidance to students which state government has launched it recently?
Which item is mandatorily required to be provided free of cost in schools as per the Supreme Court’s binding directions on MHM?
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Which country became the first in the world to implement a generational smoking ban starting with those born on or after January 2007?
