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...
Exim Bank, supported by GOI, established a USD 700 million Line of Credit (LOC) for Mongolia to finance a Crude Oil Refinery Plant construction. The agreement, effective May 06, 2025, permits export of eligible goods and services from India under specific conditions. Disbursement is permitted within 48 months after the contract's scheduled completion date. Shipments must be declared in Export Declaration Form/Shipping Bill, with no agency commission payable. The circular is issued under FEMA, 1999, sections 10(4) and 11(1), providing regulatory framework for international financial transactions between India and Mongolia.
Exim Bank, supported by GOI, established a USD 700 million Line of Credit (LOC) for Mongolia to finance a Crude Oil Refinery Plant construction. The agreement, effective May 06, 2025, permits export of eligible goods and services from India under specific conditions. Disbursement is permitted within 48 months after the contract's scheduled completion date. Shipments must be declared in Export Declaration Form/Shipping Bill, with no agency commission payable. The circular is issued under FEMA, 1999, sections 10(4) and 11(1), providing regulatory framework for international financial transactions between India and Mongolia.
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