End of financial year Large number of LOCs lapse

Even as the 2012 13 financial year got over on March 31, maximum number of Letter of Credits LOCs released by the State Government for different departments could not be encashed Source The Sangai Express

Even as the 2012 13 financial year got over on March 31, maximum number of Letter of Credits LOCs released by the State Government for different departments could not be encashed Source The Sangai Express

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