Current account treatment of overseas tournament services removed most FEMA findings, but excess EEFC remittance and delayed repatriation remained bre...
Modification of bail conditions remains available through inherent jurisdiction where onerous deposits undermine justice and cannot recover disputed d...
Merchant banker regulation consolidates registration, governance, capital, reporting, outsourcing and investor-protection requirements under an update...
Exim Bank established a USD 180 million Line of Credit (LoC) agreement with GO-VNM for financing 4 Offshore Patrol Vessels procurement. The LoC, effective January 20, 2025, operates under GOI support with a 60-month post-project completion disbursement window. Exports must comply with India's Foreign Trade Policy and RBI regulations. Agency commission payments are prohibited under the LoC but may be processed through exporters' EEFC accounts post-realization of full export value. The directive, issued under FEMA sections 10(4) and 11(1), mandates AD Cat-I banks to facilitate eligible transactions within the prescribed framework while ensuring adherence to foreign exchange management protocols.
Exim Bank established a USD 180 million Line of Credit (LoC) agreement with GO-VNM for financing 4 Offshore Patrol Vessels procurement. The LoC, effective January 20, 2025, operates under GOI support with a 60-month post-project completion disbursement window. Exports must comply with India's Foreign Trade Policy and RBI regulations. Agency commission payments are prohibited under the LoC but may be processed through exporters' EEFC accounts post-realization of full export value. The directive, issued under FEMA sections 10(4) and 11(1), mandates AD Cat-I banks to facilitate eligible transactions within the prescribed framework while ensuring adherence to foreign exchange management protocols.
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