https://www.taxtmi.com/circulars?id=1814 A government-to-government line of credit of six hundred million rupees to Vietnam permits imports of specified capital goods, consumer durables and consultancy services from India. Each export contract requires approval by both Governments and the Ministry of Finance; Letters of Credit must be opened by the Bank of Foreign Trade of Vietnam, advised to the State Bank of India, and finance the full f.o.b. value with a prescribed reimbursement clause. Contracts, L/Cs and drawdowns must meet specified deadlines, shipments must be declared on GR/SDF/SOFTEX forms with required superscription and certification, import content must be low, and agency commissions are disallowed. Directions are issued under FEMA. en-us Thu, 10 Aug 2000 00:00:00 +0530 Fri, 03 Oct 2008 11:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=1814 A government-to-government line of credit of six hundred million rupees to Vietnam permits imports of specified capital goods, consumer durables and consultancy services from India. Each export contract requires approval by both Governments and the Ministry of Finance; Letters of Credit must be opened by the Bank of Foreign Trade of Vietnam, advised to the State Bank of India, and finance the full f.o.b. value with a prescribed reimbursement clause. Contracts, L/Cs and drawdowns must meet specified deadlines, shipments must be declared on GR/SDF/SOFTEX forms with required superscription and certification, import content must be low, and agency commissions are disallowed. Directions are issued under FEMA. Circulars FEMA Thu, 10 Aug 2000 00:00:00 +0530 https://www.taxtmi.com/circulars?id=1814