Reimbursement claim deadline for exports against State Credits shortened; late claims accepted only on fresh foreign confirmation. Authorised dealers must lodge reimbursement claims for exports against repayment of State Credits so that documents negotiated within LC validity reach the Reserve Bank of India, Deposit Accounts Department, Mumbai, within the newly prescribed 27 working day lodging period from the date of expiry of the LC, excluding days when the Mumbai office is closed; claims received after that period will be processed only on receipt of fresh confirmation from the Bank for Foreign Economic Affairs.
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Reimbursement claim deadline for exports against State Credits shortened; late claims accepted only on fresh foreign confirmation.
Authorised dealers must lodge reimbursement claims for exports against repayment of State Credits so that documents negotiated within LC validity reach the Reserve Bank of India, Deposit Accounts Department, Mumbai, within the newly prescribed 27 working day lodging period from the date of expiry of the LC, excluding days when the Mumbai office is closed; claims received after that period will be processed only on receipt of fresh confirmation from the Bank for Foreign Economic Affairs.
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