Governmental authority status supports construction-service exemption, while pre-cutoff contract and stamp-duty compliance requires verification on re...
Automated Free Sale and Commerce Certificates enable paperless processing while retaining risk-based manual verification for selected exporter applica...
Employee stock-shortage penalties do not constitute consideration for services, preventing GST collection under Schedule II in employment relationship...
The Export-Import Bank of India (Exim Bank) provided a Government of India-supported Line of Credit (LoC) of USD 23.37 mn to the Government of the Co-operative Republic of Guyana (GO-GUY) for purchasing two aircraft from Hindustan Aeronautics Ltd. The agreement, effective from April 08, 2024, requires at least 75% of goods and services to be supplied from India. The LoC allows for disbursement up to 48 months after project completion. Shipments must be declared as per RBI instructions. No agency commission is payable under this LoC. AD Category-I banks must inform exporters about the LoC details. The circular was issued u/s 10(4) and 11(1) of FEMA, 1999.
The Export-Import Bank of India (Exim Bank) provided a Government of India-supported Line of Credit (LoC) of USD 23.37 mn to the Government of the Co-operative Republic of Guyana (GO-GUY) for purchasing two aircraft from Hindustan Aeronautics Ltd. The agreement, effective from April 08, 2024, requires at least 75% of goods and services to be supplied from India. The LoC allows for disbursement up to 48 months after project completion. Shipments must be declared as per RBI instructions. No agency commission is payable under this LoC. AD Category-I banks must inform exporters about the LoC details. The circular was issued u/s 10(4) and 11(1) of FEMA, 1999.
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