TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Exporters must ship within three years, route documents via authorised dealer, cap interest on advances to 100 bps - RBI directions</h1> An exporter receiving advance payment from an overseas buyer or third party must ensure shipment within three years, route shipment documents through the authorised dealer who handled the advance, and limit interest on the advance to no more than 100 basis points above the applicable benchmark (e.g., LIBOR) as directed by the Reserve Bank. If the exporter cannot ship partly or fully within three years, no refund of unutilized advance or interest payment may be made after that period without prior Reserve Bank approval. Parties may agree to shipment terms exceeding three years in the export contract.
TaxTMI 
TaxTMI 
