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![RBI stops Practice of Issuing Letters of Undertaking and Letters of Comfort for Trade Credits [Read Notification]](https://www.taxscan.in/wp-content/uploads/2016/12/RBI-TaxScan.jpg "RBI stops Practice of Issuing Letters of Undertaking and Letters of Comfort for Trade Credits [Read Notification]")
RBI stops Practice of Issuing Letters of Undertaking and Letters of Comfort for Trade Credits [Read Notification]
The Reserve Bank of India ( RBI ) decided to stop the practice of issuing Letters of Undertaking (LoUs) and Letters of Comfort (LoCs) for Trade...